Articles by VISHAL BANSAL

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

Posted by VISHAL BANSAL 27 May 2019 13159 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 26 May 2019 8223 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 25 May 2019 24636 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 20 May 2019 22279 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 02 May 2024 19266 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 18 May 2019 8565 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 16 May 2019 14363 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 15 May 2019 16553 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 14 May 2019 5100 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 ...