The infrastructure bonds are the best option to save tax. The Government of India allowed following finance companies to issue these infrastructure bonds : 1) Life Insurance Corporation (LIC) 2) Industrial Finance Corporation of India (IFCI) 3) Infrastructure Development Finance Company (IDFC) The infrastructure bonds get a deduction up to Rs 20,000 under the section [...]
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Every individual of the country has to pay Income tax mandatorily as prescribed by the government. There are certain ways you can save tax each year. This tax amount is used by the government for various developmental programs of the country; part of this tax money is also used for the development of the society
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Tax Deduction Under Section 80c – income tax deductions using section 80C of Indian income tax act. The government of India levies taxes on individuals, Hindu Undivided families, private limited companies, public limited companies firms, co-operative societies and trusts. This tax is levied on the income of the concerned individual or organization. The law of [...]
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