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 ...
If your monthly salary is more than 30,000, you have to pay income tax based on your salary. You can save money on tax by proper planning of section 80C. Income tax 80C allows deduction of 1.5 lakhs from your salary. It would save 10,000 tax on your salary as well as it would encourage you for investment. In India, ...
Realize Your contribution to the Nation, By Income Tax. Understand Income Tax and Your Contribution.
Not only our family, even government wants money to satisfy the citizen’s basic needs such as infrastructure, roads, salary to people representatives. Governments gets money from common man as “Tax”. In this, Income tax is money paid by citizens who get income from salary, income from house property, income from business, income from capital gain, income from other sources. If ...