Tax Deduction

HRA Exemption in India: How Renters and Homeowners Can Claim It

The HRA exemption helps salaried employees cut their tax bill by thousands every year. Here is exactly what it covers, who can claim it, how to calculate it with real numbers, and what homeowners can claim instead.

NPS Tax Benefits in India: How to Cut Your Tax Bill by up to ₹70,000

NPS offers three separate tax deduction sections under the Income Tax Act 2025. Here is how Sections 80CCD(1), 80CCD(1B), and 80CCD(2) work, with real rupee examples and a comparison to 80C.

Section 24(b) in India: How Home Loan Interest Cuts Your Tax Bill

Section 24(b) of the Income Tax Act 2025 lets you deduct home loan interest from your rental income — up to ₹2 lakh per year on a self-occupied property, and with no cap on let-out property. Here is exactly how it works, who qualifies, and how much you save.

Section 80D in India: How Health Insurance Premiums Cut Your Tax Bill

Section 80D of the Income Tax Act 2025 lets you deduct health insurance premiums for yourself, your family, and your parents — up to ₹1 lakh in total. Here is exactly what the deduction covers, who qualifies, and how much you actually save.

TDS on Salary in India: How Section 192 Works and What Your Form 16 Shows

Every employer deducts tax at source from your salary under Section 192 of the Income Tax Act 2025. Here is exactly how the deduction is calculated, what income is included, what deductions your employer can consider, and how to read your Form 16.

TDS (Tax Deducted at Source) in India: How It Works, Who Deducts It, and How to Claim It Back

TDS (Tax Deducted at Source) is money your employer, bank, or client withholds from your income and pays to the government on your behalf. Under the Income Tax Act 2025, understanding TDS is essential for getting your full tax credit back when you file your ITR.