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Showing posts with the label income tax

Tax deductions - Health insurance

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✳️Income Tax Deductions related to Health 🩺 Deduction for Medical Insurance and Preventive Health Check-up (80D) 🩺 Deduction for Medical Treatment (80DDB) 🩺 Deduction for Disability (80U) 🩺 Deduction for Rehabilitation of Handicapped Dependent (80DD) 🔹Deduction for Medical Insurance (Section 80D) • Under Section 80D, Individuals can claim a Deduction for the Medical Insurance Premium paid for- - Self - Spouse - Dependent children, and  - Parents • The maximum deduction allowed is - - Rs. 25,000 per annum for Self, Spouse, and Dependent children (or Rs. 50,000 for senior citizens) - Additional Rs. 25,000 for Parents (Rs. 50,000 if parents are Senior Citizens) 🔹Deduction for Preventive Health Check-up (Section 80D) • Under Section 80D, individuals can claim a Deduction for the Expenses incurred on Preventive Health Check-ups for  - Self - Spouse - Dependent children, and - Parents. • The maximum deduction allowed is up to Rs....

Income tax - Review yours tax

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At the end of this financial year (2022-2023). Please check your tax liability. 1. 80c la 150la fill (pf, ppf, vpf, mf, tax saver fd, nps, stampt duty on property) check 2. 80d la health insurance premium, medical expenses on Certain Conditions 3. 80ccd(b)- 50k voluntary contribution on nps 4. Traders tax loss harvesting pannunga. That s realized capital gains ah unrealized capital losses kooda set off panrathu. See Tax profit and loss statement la unga status(short term and long term profit). 5.And other incomes total statement edunga( dividends statement, fixed deposit interests, interest on savings account, mutual fund dividends, rental income, etc., etc.,) 6. Income tax calculator (check yours)  Income tax calculator Calculate Your total income and ur tax liability... Pay advance taxes if needed, else see how you can reduce ur taxes.  Remember only few days left to save some taxes.  Dont loose ur hard earned money.  Just a gentle reminder  ...

Today is Tax Day

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