This is where #TaxDeductions come into picture.
Deductions allowed under #IncomeTax act help you reduce your taxable income.
A Thread🧵on various #IncomeTax #Deductions.
Must read for everyone.
A simple & legitimate way to to save taxes every year!
(RT to maximize reach.)
Money Saved is Money Earned !
#IncomeTax #Tax #ELSS #TaxSaving #Investing #TaxPlanning
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This is where #TaxDeductions come into picture.
Deductions allowed under #IncomeTax act help you reduce your taxable income.
But there are various other common deductions which anyone can claim.
This thread is about such common deductions.
A deduction up to Rs 1,50,000 is allowed under #Section80C of Income Tax Act 1961 in respect of eligible investments or expenditures.
* See Note Ahead
Discussed in detail 👉 https://t.co/a5tbOUJoHQ
#TaxSaving #TaxPlanning
A deduction up to Rs 1,50,000 is available under Section 80CCC of #IncomeTax Act 1961 in respect of contributions made by an individual towards specified pension funds.
* See Note Ahead
#TaxSaving #TaxPlanning #Investing
A deduction up to Rs 1,50,000 is available under Section 80CCD of Income Tax Act 1961 in respect of contributions made towards National Pension Scheme (NPS) or Atal Pension Yojana (APY)
* See Note Ahead
#TaxSaving
Note : The deduction limit of Rs 1.5 lakh deduction of Section 80C includes Section 80C, Section 80CCC & Section 80CCD.
#TaxSaving #TaxPlanning #Investing
An additional deduction of Rs 50,000 is made available in Budget 2015 through sub-section 1B, thereby raising maximum deduction available under Section 80CCD to Rs. 2,00,000
#TaxSaving #TaxPlanning #Investing
A deduction up to Rs 20,000 is available under Section 80CCF of Income Tax Act 1961 in respect of subscription to long-term infrastructure bonds.
#TaxSaving #TaxPlanning #Investing
A deduction up to Rs 10,000 is available under Section 80TTA of Income Tax Act 1961 in respect of interest on deposits in savings account.
#TaxSaving #TaxPlanning #Investing
A deduction up to Rs 50,000 is available (only for senior citizens) under Section 80TTA of Income Tax Act 1961 in respect of interest on both deposits in savings account and fixed deposits in banks.
#TaxSaving
A deduction up to Rs 25,000 (50,000 for senior citizens) is available under #Section80D of #IncomeTax Act 1961 in respect of health insurance premium for self, spouse and dependent children and parents.
#TaxSaving #TaxPlanning
A deduction of Rs 75,000 (Rs 1,25,000 for severe disabilities) is allowed under #Section80DD of Income Tax Act 1961 in respect of maintenance including medical treatment of a dependant who is a person with disability.
#TaxSaving
A deduction up to Rs 40,000 (1,00,000 for senior citizens) is available under #Section80DDB of #IncomeTax Act 1961 in respect of medical treatment of certain specified ailments for self or dependent.
#TaxSaving #TaxPlanning
A deduction of Rs 75,000 (Rs 1,25,000 for severe disabilities) is allowed under #Section80U of Income Tax Act 1961 for people suffering from certain disabilities.
#TaxSaving #TaxPlanning #Investing
A deduction up to Rs 60,000 per year is allowed under #Section80GG of #IncomeTax Act 1961 in respect of rents paid when HRA is not received.
#IncomeTaxIndia #TaxSaving #TaxPlanning
A deduction (without any maximum limit) is available under #Section80E of #IncomeTax Act 1961 in respect of interest paid for a period of 8 years on loan taken for higher education.
#TaxSaving #TaxPlanning #Investing
A deduction up to Rs 50,000 is available under #Section80EE of Income Tax Act 1961 in respect of interest on loan taken for residential house property.
#TaxSaving #TaxPlanning #investing
A deduction up to Rs 1,50,000 is available under #Section80EEB of Income Tax Act 1961 in respect of interest paid on loan taken for purchase of an electric vehicle for personal or business use.
#EV #ElectricVehicle #TaxSaving
A 50% or 100% deduction (without any maximum limit) is available under #Section80G of #IncomeTax Act 1961 in respect of donations to certain funds, charitable institutions, etc.
#TaxSaving #TaxPlanning #Investing
A deduction (without any maximum limit) is available to companies under Section 80GGB in respect of contributions given by companies to political parties.
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Fake chats claiming to be from the Irish African community are being disseminated by the far right in order to suggest that violence is imminent from #BLM supporters. This is straight out of the QAnon and Proud Boys playbook. Spread the word. Protest safely. #georgenkencho
There is co-ordination across the far right in Ireland now to stir both left and right in the hopes of creating a race war. Think critically! Fascists see the tragic killing of #georgenkencho, the grief of his community and pending investigation as a flashpoint for action.
Across Telegram, Twitter and Facebook disinformation is being peddled on the back of these tragic events. From false photographs to the tactics ofwhite supremacy, the far right is clumsily trying to drive hate against minority groups and figureheads.
Declan Ganley’s Burkean group and the incel wing of National Party (Gearóid Murphy, Mick O’Keeffe & Co.) as well as all the usuals are concerted in their efforts to demonstrate their white supremacist cred. The quiet parts are today being said out loud.
The best thing you can do is challenge disinformation and report posts where engagement isn’t appropriate. Many of these are blatantly racist posts designed to drive recruitment to NP and other Nationalist groups. By all means protest but stay safe.
There is co-ordination across the far right in Ireland now to stir both left and right in the hopes of creating a race war. Think critically! Fascists see the tragic killing of #georgenkencho, the grief of his community and pending investigation as a flashpoint for action.
Across Telegram, Twitter and Facebook disinformation is being peddled on the back of these tragic events. From false photographs to the tactics ofwhite supremacy, the far right is clumsily trying to drive hate against minority groups and figureheads.
Be aware, the images the #farright are sharing in the hopes of starting a race war, are not of the SPAR employee that was punched. They\u2019re older photos of a Everton fan. Be aware of the information you\u2019re sharing and that it may be false. Always #factcheck #GeorgeNkencho pic.twitter.com/4c9w4CMk5h
— antifa.drone (@antifa_drone) December 31, 2020
Declan Ganley’s Burkean group and the incel wing of National Party (Gearóid Murphy, Mick O’Keeffe & Co.) as well as all the usuals are concerted in their efforts to demonstrate their white supremacist cred. The quiet parts are today being said out loud.
There is a concerted effort in far-right Telegram groups to try and incite violence on street by targetting people for racist online abuse following the killing of George Nkencho
— Mark Malone (@soundmigration) January 1, 2021
This follows on and is part of a misinformation campaign to polarise communities at this time.
The best thing you can do is challenge disinformation and report posts where engagement isn’t appropriate. Many of these are blatantly racist posts designed to drive recruitment to NP and other Nationalist groups. By all means protest but stay safe.
This is a pretty valiant attempt to defend the "Feminist Glaciology" article, which says conventional wisdom is wrong, and this is a solid piece of scholarship. I'll beg to differ, because I think Jeffery, here, is confusing scholarship with "saying things that seem right".
The article is, at heart, deeply weird, even essentialist. Here, for example, is the claim that proposing climate engineering is a "man" thing. Also a "man" thing: attempting to get distance from a topic, approaching it in a disinterested fashion.
Also a "man" thing—physical courage. (I guess, not quite: physical courage "co-constitutes" masculinist glaciology along with nationalism and colonialism.)
There's criticism of a New York Times article that talks about glaciology adventures, which makes a similar point.
At the heart of this chunk is the claim that glaciology excludes women because of a narrative of scientific objectivity and physical adventure. This is a strong claim! It's not enough to say, hey, sure, sounds good. Is it true?
Imagine for a moment the most obscurantist, jargon-filled, po-mo article the politically correct academy might produce. Pure SJW nonsense. Got it? Chances are you're imagining something like the infamous "Feminist Glaciology" article from a few years back.https://t.co/NRaWNREBvR pic.twitter.com/qtSFBYY80S
— Jeffrey Sachs (@JeffreyASachs) October 13, 2018
The article is, at heart, deeply weird, even essentialist. Here, for example, is the claim that proposing climate engineering is a "man" thing. Also a "man" thing: attempting to get distance from a topic, approaching it in a disinterested fashion.
Also a "man" thing—physical courage. (I guess, not quite: physical courage "co-constitutes" masculinist glaciology along with nationalism and colonialism.)
There's criticism of a New York Times article that talks about glaciology adventures, which makes a similar point.
At the heart of this chunk is the claim that glaciology excludes women because of a narrative of scientific objectivity and physical adventure. This is a strong claim! It's not enough to say, hey, sure, sounds good. Is it true?