SIPs are Systematic Investment Plans where money is deducted from your bank account and invested automatically. With an SIP, you’re able to purchase fund units at different levels of the market. To start invest in mutual funds in SIP, open saving account in one of the bank, get cheque book for the account and internet banking for the account. To ...
Have a list of new year resolution to achieve in 2020. Resolution should be short and realistic. All the new year resolution should be SMART. The acronym SMART has several slightly different variations, which can be used to provide a more comprehensive definition of resolution: S – specific, significant, stretching M – measurable, meaningful, motivational A – agreed upon, attainable, ...
No, HRA is exempt from your income and not shown as a deduction under section 80C. HRA is difference from 80C lakhs and it comes under income tax section 10. Don’t consider your monthly rent as part of 80C – 1.5 lakhs. Do not confuse rent with investment. 80C encourages your investment, section 10 for your expenses. HRA is not ...
House Rent Allowance (HRA), is an amount which is paid by employers to employees as part of their salaries for accommodation. Only salaried person living in rented house can claim HRA tax exemption. Income tax section 10(13A) provides tax benefits towards the payment for rent. Tax exemption calculated based on city of residence, HRA paid, basic salary and actual salary ...