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80D DEDUCTION
Five reforms India needs before the next shockIndia faces economic vulnerabilities from external crises. Five reforms are proposed to build resilience. These include reducing gold and c...
New tax regime: 7 ways for salaried employees to reduce their tax liability while filing ITR for FY 2025-26Salaried individuals can still reduce their tax liability under the new tax regime for FY 2025-26. Key deductions include employer contribu...
New income tax regime: Don’t miss out on these 3 key deductions that will reduce your taxable income & help save more taxMany taxpayers mistakenly believe the New Tax Regime offers no deductions. However, salaried employees and pensioners can claim a Rs 75,000...
As India's R&D faces funding & talent crunch, Niti panel suggests 50+ fixesIndia's research and development spending lags behind global leaders. A Niti Aayog report highlights funding issues and bureaucratic delays...
Salary hike this appraisal season? New labour codes and tax rules may change your real take-home payAppraisal season this year saw companies begin aligning salary structures with new labour codes and updated income tax rules. While some fi...
Tax saving investments in India: 7 things you need to know
Income tax in Budget 2025: Why Section 80D limit for health insurance premium must be raised and allowed in New Tax RegimeBudget Section 80D: Rising healthcare costs have become a pain point for taxpayers and they demand an increase in tax deduction under Secti...
Budget 2024 Section 80D Exemption: Why govt should increase Section 80D tax exemption limit for health insurance under old tax regimeBudget 2024 Section 80D Exemption: Taxpayers who have opted for the old tax regime are hoping for an increase in the limit under section 80...
Income tax deduction: Salaried can claim up to Rs 75,000 tax deduction for paying health insurance premiums, how
Section 80D deduction: You can claim maximum deduction of Rs 1 lakh on health insurance to save income taxTax-saving via section 80D for FY 2023-24: Here's all you need to know about claiming deduction under Section 80D to save income tax. This ...
Income tax saving for FY 23-24: How salaried taxpayers can claim deduction of up to Rs 3.35 lakh without HRA, loanYou can claim certain income tax deductions under different heads and therefore reduce your overall income tax liability. Section 80C of th...
Tax deductions, exemptions not available in new tax regimeHere is the list if tax deductions and exemptions that one cannot claim if he/she opts for new tax regime for a particular financial year.
How to claim deductions under section 80C to 80U while filing ITR-1To reduce your gross total income and thereby your income tax liability, you have to enter details of deductions that you want to claim und...
How to make full use of section 80D to save tax on health insurance?You can only claim deduction under section 80D on health insurance bought for your parents and not for your parents-in-law.
Can I claim medical expenses for my wife as deduction under Income Tax Act?Section 80D of the Act allows taxpayer to claim deduction of Rs 50,000 towards medical expenditure incurred on himself or a family member w...
Insurance Queries: Should one increase sum insured with age?Every week, an expert selected by ET answers queries from our readers on insurance.
How Budget 2017 affects individual taxpayers in different income slabsHere's how Budget 2017 affects individual taxpayers in different income slabs