Taxability of EPF Withdrawals

Taxability of EPF Withdrawals

EPF i.e. Employee’s Provident Fund is a retirement fund saving scheme for salaried employees. 12% of the employee’s basic salary is contributed to the EPF account on a monthly basis by the employer. Even employee has an option to make self-contribution to this...

What is Form 10BA for 80GG Deductions

Section 80GG of the Income Tax Act, 1961, in India provides a deduction for individuals paying rent for house properties. This deduction is particularly available for those who do not receive House Rent Allowance (HRA) from their employer. Form 10BA is the declaration...

What is NRE and NRO accounts

Non-resident Indians always end up in a confusing task about managing their finances especially earnings and investments, from outside India. Among the many options available, two types of bank accounts stand out for their unique benefits and specific purposes: the...

Exempt incomes under section 10

Every taxpayer is looking for ways to save their taxes as taxes acts a pinch to taxpayer’s pocket. In search of these ways to save taxes, income tax department has given certain specific exemptions in income tax on particular incomes. Section 10 of the Income Tax Act,...

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