Leave Travel Allowance (or LTA in short) is an allowance granted by employers to meet the employees travel expenses during the year. So if you are the kinds who often go on holidays with family, it pays to use your LTA and avail of the various tax exemptions associated. What does the LTA entail and... Continue Reading →
Its tax saving season and almost everybody is thinking of reducing their tax burden by cramming in last minute investments. Cashing in on this scenario are financial companies making a splash with a plethora of tax saving products such as Infrastructure Bonds, ULIPs, and ELSS etc… At this point in time, we thought it right... Continue Reading →
Tax payers must consider the various exemptions as provided by the government to minimize tax liability. Sections 80C provides a deduction of 1, 00,000 for investments in Life Insurance Premiums, deferred annuity, provident fund, and specific equity shares. 80CCC permits a deduction of 10,000 for contribution to certain pension funds and 80D Rs 10, 0000 for contribution to Medical Insurance Premium.