ITR Filing 2024: What Deductions Does Section 80TTB Provide For Senior Citizens?
Section 80TTB was introduced in the Income Tax Act to provide tax relief to senior citizens.
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Section 80TTB was introduced in the Income Tax Act to provide tax relief to senior citizens.
Taxpayers will need to submit a condonation request to the income tax department for pardon if they delay e-verifying their income tax return (ITR). Here’s how to submit a condonation request.
The deadline to file an income tax return (ITR) is July 31; file your ITR returns on time to avoid last-minute technical glitches on the e-portal site.
Pension is considered as an income and is taxed the same way as salary. The filing of ITR for pension is also similar to that of salary income
Non-government employees will have to pay tax on 50 per cent of the lump sum amount drawn at retirement minus the gratuity; the remaining portion is tax-free.
Equity investment is one of the most tax-efficient instruments, but they are also liable for taxes depending on factors such as the type and the size of capital gain. A few hacks can help you save taxes.
Senior citizens aged above 60 and below 80 can avail of the benefits up to a certain limit under Section 87(A) of the Income Tax Act in the old and new tax regimes.
One has to file an income tax return in case of a tax liability, but in some cases, it is mandatory to file one even when the income is below the basic exemptions limit
Filing income tax returns (ITR) is crucial even if there is no tax liability. Here’s how to your ITR in 10 easy steps online.
All senior citizens aged 60 and above but below 75 must file their income tax returns.
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