Tax Articles

section 80ccd

Section 80CCD

Section 80CCD is one of the popular sections after Section 80C with regards to tax deductions of the Income Tax Act, 1961. It covers the National Pension Scheme (NPS) and Atal Pension Yojana (APY). This deduction is available to all...

income tax payment

Online Income Tax Payment – A Complete Guide

Income tax is a tax levied by the government of India on the income of every person. Once a person is liable for income tax payment to the government, a question arises as to how this tax payment can be...

long term capital gain tax

Long Term Capital Gains Tax

A long term capital gains tax arises on a transfer or sale of a capital asset. There are other factors that contribute towards the taxability of such a transfer like type of asset, holding period, applicable tax rate, exemption etc....

income tax slabs

Income Tax Slabs and Rates FY 20-21 and AY 21-22

The income tax slabs are applicable as per the net taxable income. Income tax is a tax levied on the net taxable income of a person. A person, here, includes an individual, Hindu Undivided Family (HUF), Association of person (AOP),...

capital gain

Capital Gains

An individual invests in different types of assets including mutual funds and shares. The capital gain or loss arises when an asset is sold. In this article,  we will cover capital gains and it’s  tax treatment for different assets Capital...

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section 80c

Section 80C

What is Section 80C? Section 80C of the Income Tax Act gives a privilege of tax deduction up to Rs1.5 lakhs to individuals and HUF. The tax deductions provide a means for individuals to reduce their gross total income and...

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