planning for Income Tax -16 17
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👉INCOME TAX Exemption
🔱 80 C:- Max limit
150000/- (MF-ELSS, MF-Pension Plans, Life Ins Premium, One time investment in LI-Immediate Assured Pension Plans, NSC, etc.)
🔱 80CCD:-50000/- (NPS)
🔱 80CCG:- 25000/- or 50% of your investment which every is less
🔱 80D:-25000/-
( Mediclaim Policy for self spouse, children)
🔱 30000/- for dependent parents u/s-80D. Medical reimbursement :- 15000/- US 17(2)
🔱 80DDB:- Medical expense occurred on dependent for specified illment
🔱80TTA:- Up to 10000/- for Interest saving bank account
🔱 Gift tax :- Exempted upto 50000/-. Above 50k full amount taxable (FY) from other than Blood relation.. Gift from Blood relation is 100%Exempted…
🔱 Transport allowance :- 19200/- (FY)
C.E.A. :- 2400/- (FY)
🔱 HRA :- as per the calculation
🔱 24(b) :- 200000/- (home loan interest)
🔱 80G :- full amount in few selected organisation. This exemption is 50%
🔱 80GGB. :- 100% exemption for political parties
🔱 80E :- unlimited (interest on education loan)….
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Aakhi CPT m pass ho hi gaye
Congrats
@DealsStreet wrote:
Good Share…Vu
Pl share some examples so that it may help a lot
will explain in detail after sometime ….now on app
Interest on education loan is 80E.. Correct it..
You can visit the following link https://cleartax.in/help/tax-s...gs
Vu.
Need more details if somebody wants to understand without going to other websites.
Pls add more details, u can do cut/paste from good websites, not an issue.
@plz wrote:
Aakhi CPT m pass ho hi gaye
Congrats
u mean M.k. gupta se sikha h isne ye sab
@caks2006407 wrote:
Vu.
Need more details if somebody wants to understand without going to other websites.
Pls add more details, u can do cut/paste from good websites, not an issue.
will definitely do ……I mostly be on dd app …still will try to do it
@piyush_Thinkfear wrote:M.k.Gupta kon hai@plz wrote:
Aakhi CPT m pass ho hi gaye
Congrats
u mean M.k. gupta se sikha h isne ye sab
🔱 80CCD:-50000/ (NPS)-
Do Not invest. It is taxable at the time of Withdrawl. Google NPS EET for more info
@niraaav wrote:@piyush_Thinkfear wrote:M.k.Gupta kon hai@plz wrote:
Aakhi CPT m pass ho hi gaye
Congrats
u mean M.k. gupta se sikha h isne ye sab
its a CA thing bro.
@piyush_Thinkfear wrote:got it@niraaav wrote:@piyush_Thinkfear wrote:M.k.Gupta kon hai@plz wrote:
Aakhi CPT m pass ho hi gaye
Congrats
u mean M.k. gupta se sikha h isne ye sab
its a CA thing bro.
@niraaav wrote:@piyush_Thinkfear wrote:got it@niraaav wrote:@piyush_Thinkfear wrote:M.k.Gupta kon hai@plz wrote:
Aakhi CPT m pass ho hi gaye
Congrats
u mean M.k. gupta se sikha h isne ye sab
its a CA thing bro.
PLB ke bahar ke momos to nhi bhul gya naa bhaaaiiii
@Bulwark wrote:
-🔱 80CCD:-50000/- (NPS)-
Do Not invest. It is taxable at the time of Withdrawl. Google NPS EET for more info
As per Finance Act 2016, 40% withdrawal of corpus is fully exempt. Balance 60% is also exempt if converted to annuity. However, annuity will be treated as monthly income and will be subject to tax.
extra 50k in 24(b) for load under 35 lacs.
one can get sodexo coupons worth ₹5000 from employer which will also be tax free
Good Share…Vu
Pl share some examples so that it may help a lot