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 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 [...]

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 [...]

Your employer is responsible to deduct income tax from your salary. The income tax calculation is affected by factors such as: income other than salary, house rent, investment in certain funds, housing loan interest, and so on. In the beginning of a financial year, you have to make declarations to the employer on, what investments [...]

Process TDS for all your employees in just a few clicks. This document describes how you can do that. Step 1 : Employee Investment Declarations Step 2 : Manage investment declarations Step 3 : Process TDS for all employees Step 4 : Compute TDS [...]

Appraisal, in the context of HR, refers to the process of evaluating and assessing an employee's performance, skills, and achievements within an organization. It is a formal and structured review conducted periodically to provide feedback, set goals, and make decisions regarding promotions, salary adjustments, training needs, and career development. [...]