Section 80CCC – Deduction on Insurance Premiums for Pension
Section 80CCC of Income Tax Act allows us to claim deduction for insurance premiums paid, if the policy provides us the pension plan
FinCalC
Section 24 – Home Loan Interest Deduction
Section 24 of Income Tax Act allows us to claim Home Loan Interest amount of maximum Rs. 2 lakh in a financial year to save income tax..
Section 80TTB – Deduction for Senior Citizens
Section 80TTB allows income tax benefits for senior citizens on their interest incomes from savings, fixed deposits, recurring deposits, etc.
Section 80TTA – Savings Account Interest Deduction
Section 80TTA of Income Tax Act helps to claim deduction of Savings Account Interest amount with limit of Rs. 10,000 in financial year
Section 80CCD – National Pension Scheme Deductions
Section 80CCD of Income Tax Act helps to save income tax by contributing towards National Pension Scheme (NPS) or Atal Pension Yojana (APY).
Section 80D – Medical Insurance & Health Check up Deductions
Section 80D of Income Tax Act helps us to claim deductions for medical insurance premium payments and preventive health check up expenses
Post Office Interest Rates Table 2023 – October to December
Post Office Interest Rates Table October 2023.. Fixed Deposits=7.5%, Recurring Deposits=6.7%, National Saving Certificate (NSC)=7.7%, PPF=7.1%..
Emergency Fund and it’s Importance
Emergency Fund is a fund that provides you financial safety when you face unexpected expenses in the form of a disease or job loss..
₹2000 Sukanya Samriddhi Yojana Interest Calculation [VIDEO]
₹2000 Sukanya Samriddhi Yojana.. The total amount you can get will be Rs. 10,78,895 at 8% interest rate consistently throughout the tenure in SSY..
Monthly vs Yearly Deposits in PPF (Public Provident Fund)
Monthly vs Yearly Deposits in PPF.. Maximum of Rs. 1.5 Lakh on or before 5th day of April will earn you maximum interest in PPF..