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Gift can be in form of a sum of money (in cash/cheque/bank draft/electronic transfer) or any articlesPeriodical Journals:Some employers may provide component for buyingmagazines, journalsand books as a part of knowledge enhancement for business growthProfessional Development Allowance:If original bills are submitted to employer, this allowance may become non-taxable5,00,001 to RsTax saving mutual funds(ELSS) with three years lock-inFive year tax-saver bank Fixed depositsPublic provident fund (PPF)National Savings Certificate (NSC) or National Service Scheme (NSS)Employer contribution intoNew Pension Scheme(NPS) (Section 80CCD)Life insurance/Unit Linked Insurance Plan (ULIP)premiumEmployees contribution towardsEmployee provident fund(EPF)Home loan principal amount payment (only if you have got possession of house)Senior citizen savings scheme (SCSS), if your age is more than 60 yearsPost office tax saving deposit or tax saving bondsPension scheme/Retirement plans (Secion 80CCC)Tuitionfees paid for children educationSukanya Samriddhi Scheme80CAcross all income slabsUptoRsInvestment Fixed Income Stocks Loan Home Loan Education Loan Credit Card Insurance Car Insurance Health Insurance Income Tax Deductions Income Tax Rates NRI Retirement Public Provident Fund Banking Employer contribution of EPF/New pension scheme(NPS):Employer contribution does not become part of employees income and hence income tax is not payable on this part10,815/- under SecSection 80DD: Deduction of 75,000for maintenance of a disabled dependent Reply On 09 August 2011 ABHAY MANDE View Profile My Other Post Student Follow 2 129 its useful Reply On 16 March 2012 GHANSHYAM BHADANI View Profile My Other Post N.AHow to calculate the Individual income and the income from BOI or AOP?What is the Income tax form to be filled? Reply Leave a Reply Cancel reply Popular Income Tax Rates: AY 2014-15 (FY 2013-14) February 28, 2013 6 Charges other than Brokerage for Stock Exchange Transactions January 20, 2013 6 Medical Expenses Allowance vs Medical Expenses Reimbursement December 29, 2012 5 Check your Demat Account Holding Statement December 25, 2012 3 Non-Resident Indian (NRI) Definition under Income Tax Act February 23, 2013 3 Interest on Education Loan December 25, 2012 3 Quarterly Average Balance (QAB) vs Monthly Average Balance (MAB) May 18, 2013 2 All about Securities Transaction Tax (STT) January 5, 2013 1 Income Tax Rates: AY 2013-14 (FY 2012-13) December 30, 2012 1 All about House Rent Allowance (HRA) December 25, 2012 1 c16eaae032
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Gift can be in form of a sum of money (in cash/cheque/bank draft/electronic transfer) or any articlesPeriodical Journals:Some employers may provide component for buyingmagazines, journalsand books as a part of knowledge enhancement for business growthProfessional Development Allowance:If original bills are submitted to employer, this allowance may become non-taxable5,00,001 to RsTax saving mutual funds(ELSS) with three years lock-inFive year tax-saver bank Fixed depositsPublic provident fund (PPF)National Savings Certificate (NSC) or National Service Scheme (NSS)Employer contribution intoNew Pension Scheme(NPS) (Section 80CCD)Life insurance/Unit Linked Insurance Plan (ULIP)premiumEmployees contribution towardsEmployee provident fund(EPF)Home loan principal amount payment (only if you have got possession of house)Senior citizen savings scheme (SCSS), if your age is more than 60 yearsPost office tax saving deposit or tax saving bondsPension scheme/Retirement plans (Secion 80CCC)Tuitionfees paid for children educationSukanya Samriddhi Scheme80CAcross all income slabsUptoRsInvestment Fixed Income Stocks Loan Home Loan Education Loan Credit Card Insurance Car Insurance Health Insurance Income Tax Deductions Income Tax Rates NRI Retirement Public Provident Fund Banking Employer contribution of EPF/New pension scheme(NPS):Employer contribution does not become part of employees income and hence income tax is not payable on this part10,815/- under SecSection 80DD: Deduction of 75,000for maintenance of a disabled dependent Reply On 09 August 2011 ABHAY MANDE View Profile My Other Post Student Follow 2 129 its useful Reply On 16 March 2012 GHANSHYAM BHADANI View Profile My Other Post N.AHow to calculate the Individual income and the income from BOI or AOP?What is the Income tax form to be filled? Reply Leave a Reply Cancel reply Popular Income Tax Rates: AY 2014-15 (FY 2013-14) February 28, 2013 6 Charges other than Brokerage for Stock Exchange Transactions January 20, 2013 6 Medical Expenses Allowance vs Medical Expenses Reimbursement December 29, 2012 5 Check your Demat Account Holding Statement December 25, 2012 3 Non-Resident Indian (NRI) Definition under Income Tax Act February 23, 2013 3 Interest on Education Loan December 25, 2012 3 Quarterly Average Balance (QAB) vs Monthly Average Balance (MAB) May 18, 2013 2 All about Securities Transaction Tax (STT) January 5, 2013 1 Income Tax Rates: AY 2013-14 (FY 2012-13) December 30, 2012 1 All about House Rent Allowance (HRA) December 25, 2012 1 c16eaae032
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