Any Indian citizen strives to save taxes considerably, and accordingly, the savings would all the more be wonderful if he is choosy about every deduction and exemption available under the Income Tax ...

Section 80GG of the Income Tax Act, allows deduction to the salaried, who are not in receipt of any House Rent Allowances from their employers, and to all self employed who pay rent for any ...

Deduction under Section 80GG is available only to those employees who do not get HRA (for instance, because they work in very small firms or in the informal sector) or to self-employed persons. The ...

Section 80GG allows deductions for house rent paid by individuals not receiving House Rent Allowance (HRA) as part of their salary, catering to both salaried and self-employed taxpayers.

A ubiquitous component of most salary slips, house rent allowance (HRA) is a benefit that even financially not-so-savvy individuals are well aware of. Consequently, the exemptions linked to HRA are ...

For salaried taxpayers, house rent allowance (HRA) is a highly popular tax break under the old tax regime that helps cut tax outgo substantially. In fact, since it does not come with a cap, unlike ...

As per section 80GG the Income Tax Act, 1961 (“the Act”), an individual wanting to claim a deduction can do so only if he is earning salary income or is a self-employed professional. The following are ...

Section 80CCD provides tax benefits to individuals contributing towards the National Pension Scheme (NPS) or the Atal Pension Yojana (APY). Representative image. Source: Pixabay Saving money while ...