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Is form-16 and ITR1 both are same?
No. Form 16 is something your employer gives you. ITR1 is the document you submit the income tax department to file your tax returns
What is 80l 80g 80dd 88b 88c 80e in income tax?
Section 80D - Medical Insurance for Self & DependentsSection 80DD - Medical Treatment of a Physically Disabled DependentSection 80DDB - Medical Treatment of Self/Dependents for Certain Diseases:Section 80E - Education Loan:Section 80G - Donations to Charitable Institutions:Section 80GG - Relief for House Rent:Section 80GGC - Donations Made to Political Parties:Section 80U - Exemption for Disabled Individuals:Section 80CCG - Rajiv Gandhi Equity Savings Scheme – RGESS
How do you claim income tax benefit under 80ggc as only 80g is given in itr1 and itr2?
Any contribution made by an individual to a political party (registered under section 29A of the Representation of the People Act, 1951) is fully deductible under Section 80GGC of the Income Tax Act.There is actually no upper limit here and any amount you contribute can be fully claimed for tax exemption. However, the party must be a registered political party of India otherwise this section cannot be utilized. Also, donations made can be used for exemption only once and during the same financial year only. Donations made last year cannot be used this year even if you missed claiming them last time around.
Is form-16 and ITR1 both are same?
No. Form 16 is something your employer gives you. ITR1 is the document you submit the income tax department to file your tax returns
Is aarokyadaan eligible for tax exemption under 80D?
Section 80D includes all sort of medical insurance policies. I am not sure what aarokyadaan is, but if it is a health insurance policy, then yes it is eligible
What is the legal limit of subwoofers in Texas?
In Dallas it can't be more then 80d
What is the maximum amount of deduction to a senior citizen under section 80d for assessment year 2007-2008?
The current deduction (In 2013) is 20,000 rupees
What is 300 ucas points?
a levelsa = 120 pointsb = 100 pointsc = 80d = 60e = 40ASa = 60 pointsb = 50c = 40d = 30e = 20hope this helps :)
What does A the W in 80 D stand for?
"A" stands for "Arabic" and "W" stands for "Western" in the movie 80D, which refers to 80 Days, a 2004 animated adventure comedy film that combines elements from both Arabic and Western cultures.
What is best tax saving plan?
Life Insurance policies offer best tax saving plan to help you save uptoRs...u/s 80C. You can also save tax u/s 80CCC, 80D and 80 DDD.
A 20ft by 40 ft swimming pool is surrounded by a deck d feet wide. what is the area of the deck?
Area of deck = (20+2d)x(40+2d)-(20x40) Area of deck = (20x40)+40d+80d+4d2 -(20x40) Area of deck = 120d+4d2
What is deduction under section 80d towards medical insurance premium?
We all know about Medical Insurance but many of us dont really have such insurance policies. To motivate people to get insured, the government has provisions under section 80D to help you reduce your tax liability if you have such policies. The premium amount, which is paid for medical insurance policy for self and family members to protect them from sudden medical expenses, comes under this section. The maximum amount allowed for exemption annually for self, spouse and dependent parents/children is Rs. 15,000. In case of a senior citizen, the maximum amount extends up to Rs. 20,000. If you are paying the premium for your parents (whether dependent or not), you can claim an additional maximum deduction of Rs. 15,000.
A rectangular bin holds 640 cubic feet of grain. If the bin is 8 feet wide and ten feet long how deep is the bin?
The bin is an open cuboid with a volume (v) = length x width x depth (d).640 = 8 x 10 x d = 80d : d = 640 ÷ 80 = 8 feet.The depth is 8 feet.
What is 80l 80g 80dd 88b 88c 80e in income tax?
Section 80D - Medical Insurance for Self & DependentsSection 80DD - Medical Treatment of a Physically Disabled DependentSection 80DDB - Medical Treatment of Self/Dependents for Certain Diseases:Section 80E - Education Loan:Section 80G - Donations to Charitable Institutions:Section 80GG - Relief for House Rent:Section 80GGC - Donations Made to Political Parties:Section 80U - Exemption for Disabled Individuals:Section 80CCG - Rajiv Gandhi Equity Savings Scheme – RGESS
What are other functions of health insurance other then it covering medical expenses due to accidents and illness?
Apart from covering medical expenses owing to illness,accidents, you can avail free health check up upto 1% of sum insured if you have no claim in 4 consecutive years in India. Further you can avail tax benefit u/s. 80D of I.T. Act upto Rs.15,000/- every year. Above all, what you can attain having health insurance is mental strength and peace when the medical expenses are skyrocketting every day !
