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Tax

life insurance tax deductions
Investments, Tax

Tax Deductions for Life Insurance Policies

Life insurance is one of the most essential investments for any individual to make. It provides the dependents of the insured a financial safety net in case of their demise. There are various tax benefits to investing in life insurance…

Know HRA Tax Benefits
General, Tax

Get the most out of your House Rent Allowance

House Rent Allowance (HRA) is a component of an individual’s salary to meet the expenses of renting an accommodation. HRA is not a fully taxable component of a person’s salary, as there are exemptions provided under Section 10 (13A) of…

Tax

Top 5 ELSS Funds

Equity Linked Saving Schemes are tax savings fund where an individual can save up to 1.5lacs in a year under section 80C of Income Tax Act 1961. These funds have a lock-in period of 3 years with the long-term capital…

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