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Tax Benefits on Health Insurance

Under section 80DDB, any resident individual or HUF can claim deductions on the expenses that are incurred on the treatment of specified diseases. If the deduction is claimed for an individual/HUF member who is below 60 years than INR 40,000 is the … See more

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Medical Reimbursement : Exemption & Claim

WEBMedical allowance is exempt up to INR 15,000 on a reimbursement basis. Children education allowance is exempt up to Rs. 200 per child per month up to a …

Category:  Medical Go Health

Eating House License Overview & Process

WEBEating House license is the License issued by Licensing Police Commissioner of a particular city/state. This license permits to establish an eating house …

Category:  Health Go Health

Overview of HSN Codes & GST Rates

WEBHSN and SAC Codes are divided into the following categories. Section and Chapters. Includes. Section I (Chapters 1 to 5) live animals and animal products. …

Category:  Health Go Health

Dearness Allowance (DA): Rules, Exemptions, and …

WEBMedical allowance is exempt up to INR 15,000 on a reimbursement basis. Children education allowance is exempt up to Rs. 200 per child per month up to a …

Category:  Medical Go Health

Download Form 16 (Part A and Part B) from TRACES

WEB1. Click on TRACES PDF Converter 1.4L to download utility for Part A of Form 16 2. Click on TRACES PDF Converter 1.1L to download utility for Part B You will …

Category:  Health Go Health

TRACES : Register Digital Signature Certificate

WEBTRACES means TDS Reconciliation Analysis and Correction Enabling System. It is the online portal for administration and implementation of TDS (Tax …

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Income from Business and Profession

WEBAny income earned by a taxpayer with an intention to earn a profit is covered under the head business and profession. There are 3 types defined for …

Category:  Health Go Health

Section 80D: Deduction for Medical Insurance Premium

WEBIn budget 2018, the finance minister increased the limit of deduction available to senior citizens from INR 30,000 to 50,000. And within the overall limit, …

Category:  Health Go Health

ESI : Employees State Insurance

WEBLearn by Quicko – 6 May 21. Employees' State Insurance Corporation or ESIC, is a multidimensional social system tailored to provide socio-economic protection to workers. …

Category:  Health Go Health

What are the tax benefits of forming an HUF

WEBChildren education allowance is exempt up to Rs. 200 per child per month up to a maximum of two children. Conveyance allowance is exempt up to a maximum of …

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Deductions under Chapter VI A

WEBTaxpayers cannot avail of deduction under Chapter VI A exceeding their gross total income. For example: Kamal’s gross total income is INR 4 lakh and his total …

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Income Tax Rebate u/s 87A

WEBRebate under section 87A of the Income Tax Act helps taxpayers to reduce their tax liability. Resident individuals with a net taxable income less than or equal to INR …

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Nature of Business and Profession Codes

WEBHunting, trapping and game propagation services. 01012. Growing of timber, plantation, operation of tree nurseries and conserving of forest. 01013. Gathering of …

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Shop and Establishment Registration Process

WEBNote: However, the process of obtaining registration might take around 15 to 20 working days in the major city areas.However, the same may vary from one state to …

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Income Tax Refund: Eligibility, Procedure and Interest

WEBOnce you have filed your income tax return, you need to wait for an assessment from the Income Tax Department. Here is what you need to do: You will …

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Difference Between Old vs New Tax Regime

WEBUnder the New Regime, new tax slabs were introduced with existing rates which are slashed on income up to INR 15 Lakh. The tax slab rates as per the ‘New …

Category:  Health Go Health

TDS under section 195 of Income Tax Act

WEBTDS. TDS Sections. Last updated on February 3rd, 2023. Section 195 of the Income Tax Act is applicable to all Non-residents or Foreign companies whose income …

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