Category: Personal Finance & Tax
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Chapter VIA Deductions that you did not know about!
80TTA/80TTB: 80TTA is the deduction regarding to SB interest for the person aged below 60 years the limit on which deduction is Rs. 10,000/- or actual amount received whichever is less. 80TTB is for the person aged above 60 years, the limit of deduction is Rs. 50,000/-which also includes FD interest received from banks, cooperative…
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ESOP – Navigating the Tax Implications
If your CTC has an exciting but rather confusing component, it would definitely be ESOPs. Employee Stock Option plan allows you to become a shareholder of the company at a discounted price. But, this discount and shareholding impact your income tax return. Let’s find out how ESOPs will hit your income tax return. Basics First!…