Articles by VISHAL BANSAL

View Full Profile

Deduction under section 80 D - for Medical Insurance & Health Checkup

VISHAL BANSAL 28 November 2018 at 11:51

BUY BEST MEDICAL HEALTH PLANDeduction under this section is available to an individual

Deduction u/s 80RRB: Royalty for Patents

VISHAL BANSAL 27 November 2018 at 11:05

Deduction u/s 80RRB: Royalty for PatentsWhat is Patent-The government authority or license conferring a right or title for a set period, especially the sole rig..

Sukanya Samriddhi Yojana Account (SSYA)

VISHAL BANSAL 26 November 2018 at 11:14

Sukanya Samriddhi Yojana Account (SSYA)�An investor without investment objectives is like a traveler without a destination.�Introduction-Sukanya Sam

Deduction on Interest Income: Under Section 80TTA/80TTB

VISHAL BANSAL 21 November 2018 at 11:36

80TTA Deduction Limit (Maximum Rs. 10,000)Eligibility- This deduction is available to a Resident Individuals or HUF. Deduction limit- The deduction can be avail..

Income Tax Exemption on Gratuity

VISHAL BANSAL 20 November 2018 at 11:06

Introduction:Gratuity is a monetary benefit given by employer to his employee after rendering a service of minimum of 5 years or more in his establishment. Grat..

Leave Encashment, their Exemption and Tax liability

VISHAL BANSAL 19 November 2018 at 11:10

Introduction -During the service tenure, you are allowed various types of leaves e.g. Sick leave, Casual Leave, Earned Leave, etc. Sick leave and casual leaves ..

Agricultural Income and Tax liability

VISHAL BANSAL 17 November 2018 at 16:48

Agricultural Income as per section 10(1) earned by the taxpayer in India is exempt from tax. Agricultural income is defined under section 2(1A) of the Income-ta..

How to calculate House Rent Allowance (HRA) Exemption

VISHAL BANSAL 16 November 2018 at 11:32

House Rent Allowance exemption under section 10(13A) is allowed if Salaried individuals getting House Rent Allowance as part of salary and full fill below two..

Leave Travel Allowance Exemption and Tax liability

VISHAL BANSAL 15 November 2018 at 11:12

Introduction-Leave Travel Allowance is given to employee by his employer to cover his travelling expenses when he goes on vacations. Exemption is available for ..