CBDT has clarified/reiterated that no tax (TDS) is required to be ‘deducted at source’ in the case of senior citizens where the amount of such income (credited or paid) …
New IT Section 80TTB provides for a higher deduction of upto Rs. 50,000 for interest on savings/ term deposits with Bank/ Post Office, in the case of resident individuals …
Section 80D of the Income Tax Act of 1961 provides for Mediclaim Deduction to Individual and HUF taxpayers, i.e. payment of Health/Medical Insurance Premium for family, parents, etc., during …
