save income tax Archives

Income Tax Calculation Examples (FY 2024-25)

Income Tax Calculation Examples.. Understand old tax regime and new tax regime slab rates with examples of income tax calculation, tax rebate

Save Income Tax options: 1. Standard Deduction 2. Section 80C 3. Section 80D 4. Section 80CCD(1B) 5. HRA (House Rent Allowance) to save income tax..

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 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 80E of Income Tax Act allows us to claim Interest amount of Education Loan that is taken for higher studies for loan up to 8 years..

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 allows income tax benefits for senior citizens on their interest incomes from savings, fixed deposits, recurring deposits, etc.

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 of Income Tax Act helps to save income tax by contributing towards National Pension Scheme (NPS) or Atal Pension Yojana (APY).