If you purchase an affordable home, you can claim deduction under Section 80C, Section 24 and Section 80EEA. Let's analyze how you can save income tax by purchasing an affordable home. As per section 80EEA, the interest on loan taken for an affordable home can be claimed as a deduction with a limit [...]
Section 80EEB of the Income Tax allows deduction from taxable income in respect of interest on loan taken for purchase of electric vehicle. Let's find out how you can save income tax by purchasing electric vehicle. As per section 80EEB, the interest on loan for an electric vehicle can be claimed [...]
Let's find out how you can save tax while traveling with your family. Conditions for claiming Leave Travel Allowance Exemption is available only on actual travel costs(Air, rail, or bus) Only domestic travel is considered Exemption is available for travel cost of individual & family [...]
Section 80D of the Income Tax allows deduction from taxable income in respect of medical insurance premium or medical expenses paid for your family. Let's analyze how you can save tax while taking care of your family. Deduction under section 80D is allowed for A medical insurance premium [...]
Section 80D of the Income Tax allows deduction from taxable income in respect of medical insurance premium or medical expenses paid for your parents. Let's analyze how you can save tax while taking care of your parents. Deduction under section 80D is allowed for A medical insurance premium [...]
The income tax department gives you many different options to save income tax! But, do you know how to save maximum income tax? If your income exceeds a basic exemption limit, you are liable to file an income tax return for the financial year regardless of the tax liability. But, you have various options [...]
The income tax department gives you many different options to save tax! But, do you know how to save maximum income tax? If your income exceeds a basic exemption limit, you are liable to file an income tax return for the financial year regardless of the tax liability. But, you have various options to [...]
The National Health Insurance Scheme runs under the management of the National Health Insurance Management Authority which is widely referred to in its short form as NHIMA. NHIMA commenced the implementation of the National Health Insurance Scheme (NHIS) on 1st October 2019. Its primary objective is the provision of access to quality essential health-care access to its citizens, as its motto says - 'Leave no one behind'. NHIS applies to all Zambians and established residents in the country.
Section 80G of the Income Tax allows deduction from taxable income in respect of donations paid to approved funds and charities. Let's find out how you can save tax while giving to charity. To claim benefits under Section 80G, you should contribute to a fund or charity [...]
The National Social Security Fund is a friendly service organization that exists for the public good. It offers social protection to all workers in Tanzania, in the private sector. NSSF register members, receive their contributions, manage funds of the scheme, process, and ultimately pay out benefits to eligible members or dependents.
