Plan Your Investment

Introduction In this article I will be writing about the tax exemption for the home loans under section 80c. I will not write about the interest payment on home loans. That is not come under the section 80c. If you are the regular reader for this site, I have written many articles explaining the home [...]

In the past I have written many articles about the capital gains and capital gains while selling the agricultural land. Also I have written separate article about when agricultural land is capital asset?. Note that, in certain cases the capital gains are fully exempt in case of the  profit from selling the agricultural land. This [...]

In my previous articles I have written about the medical insurance and the tax exemption for paying the insurance premium. In this article I just want to present the table format which explains the amount of eligibility for the tax exemption. Many people not clear how much one can claim under the medical insurance premium. [...]

In this article I will be writing about the interest earned on tax saving fixed deposit ann whether every year the interest income must be added to the IT returns. This article provides brief idea on how to handle the situation when you have the interest income on tax savings fixed deposit. I would like [...]

In this post I am writing about the new tax code which will be announced by the next budget. The news about the new tax code looks very good and it is heaven for the salaried people because it is mostly benefited from the salaried professionals by slashing the Tax Rates. Lets look into the [...]

THE Finance Minister, in today’s budget speech, announced marginal tax benefits for individual tax payers. He increased the basic exemption limit for male taxpayers and female taxpayers by Rs 10,000 and that of senior citizens by Rs 15,000. Further, he abolished the surcharge of 10% on income over Rs 10 lakh. The new tax slabs [...]

The full budget to be presented by the new government in the forthcoming session of Parliament to begin sometime next month may come packed with some concessions for the middle class by way of raising the tax exemption limit to up to Rs 1.75-Rs 2 lakh from the current Rs 1.50 lakh. The other benefit [...]

In my previous article I have explained about the HRA and Tax Benefits. This article explains the HRA exemption for tax savings and how to calculate the allowed limit for HRA exemption. But, doesn’t talk much about the rules or different scenarios involved while applying for the HRA deduction. The scenarios may not be the [...]

In this article I will be explaining about the tax declaration for House Rent Allowance(HRA). If you are employed in any company you would have got request from your employer to update the Tax Planning and Declaration for 2009 – 2010. Then you can declare tax savings on Section 80c for Rs.10000 and home loans if [...]

It is common that students seeks loans for their education. Many people not aware that the education loans can be used for the tax deductions. From April 2007, the loans taken by self or parent or spouse is also deductible under the tax. There is separate section 80E to provide the tax exemption on the [...]