FinCalC Archives - Page 12 of 26

Section 80RRB – Income Tax Deduction on Patent Royalty

Section 80RRB of income tax act allows you to claim deduction on income earned from royalty payments received on patent work created by you..

Section 80GGC of income tax act allows an Individual to claim deduction against donation paid to political party or electoral trust in India

Brokerage charges are fees that stockbrokers charge for their services. These charges are not uniform and often vary from broker to broker..

Section 80GGB of income tax act allows Indian Company to donate or contribute to political party or electoral trust to save income tax..

Section 80DD of income tax act allows claiming deduction for expenses occurred to take care of physically disabled person in family..

Section 80G of income tax act allows you to claim donations made to relief fund or charitable organizations as deductions with old tax regime

Section 80U of income tax act allows you to claim tax deduction if you are physically disabled with at least 40% of disability percentage..

Section 80DDB of income tax act allows you to claim deduction against the medical expenses occurred for specific diseases mentioned below..

Section 80EEA of income tax act helps in saving income tax with old tax regime on home loan interest amount paid in a financial year..

Section 80EE of Income Tax Act allows Income Tax deduction on Home Loan Interest Amount with limit of Rs. 50,000 in financial year..