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Articles by VISHAL BANSAL

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

Posted by VISHAL BANSAL 28 November 2018 13132 Views

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



Deduction u/s 80RRB: Royalty for Patents

Posted by VISHAL BANSAL 27 November 2018 8202 Views

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)

Posted by VISHAL BANSAL 26 November 2018 24557 Views

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

Posted by VISHAL BANSAL 21 November 2018 22248 Views

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

Posted by VISHAL BANSAL 20 November 2018 19222 Views

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

Posted by VISHAL BANSAL 19 November 2018 8543 Views

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

Posted by VISHAL BANSAL 17 November 2018 14317 Views

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

Posted by VISHAL BANSAL 16 November 2018 16514 Views

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

Posted by VISHAL BANSAL 15 November 2018 5064 Views

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 ...



EPF versus VPF versus PPF

Posted by VISHAL BANSAL 13 November 2018 4964 Views

EPF - EMPLOYEE'S PROVIDENT FUND, VOLUNTARY PROVIDENT FUND and PUBLIC PROVIDENT FUND are long term investment plans for retirement savings




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