80D

Save your income tax along with medical bill under section 80D by paying Mediclaim insurance premium

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What is Section 80D? Deduction under this section is available in respect of payment to Medical Insurance Premium. Mediclaim Insurance Policy is the policy on the health of a person. Health Insurance, popularly known as Mediclaim, protects you against unexpected medical costs, arising from disease or accidental injuries. As essential financial tool, it ensures you receive medical … Read more

Reliance Retirement Fund is notified for section 80C of the Income Tax

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MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 23rd  December, 2014 (INCOME TAX) Notified Pension Fund under Section 80C(2)(xiv) S.O. 3261(E).—In exercise of the powers conferred by clause (xiv) of sub- section (2) of Section 80C of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby … Read more