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No matter how much we earn Ryan Kalil Panthers Jersey , we all look for ways to save tax. And, as the income tax filing date nears, we try to dig into papers that can save our hard-earned money. Well Luke Kuechly Panthers Jersey , instead of stressing up yourself at the last minute, invest your money wisely in schemes that can avail you tax exemptions with ease. Here is a list that can help you to save tax on your salary:

鈥?House Rent 鈥?The Government of India allows exemption of tax for house rents under Section 80GG. House rent is an unavoidable expense that has to be borne by an employee, especially outstation employee Cam Newton Panthers Jersey , who relocates to different cities to fulfil the demands of their jobs. The eligibility of exemption depends upon certain criterions and the employee has to furnish rent receipts during income tax filing.


鈥?Children Education Allowance 鈥?This allowance qualifies a salaried person to avail tax benefits for expenditure pertaining to school fees, hostel fees and similar education-related expenses of their children. This benefit can be availed for up to two children only.


鈥?Housing Loan 鈥?A home loan comes with a specific interest rate. Hence, if a salaried person has taken a home loan then he can furnish the required papers to get a tax exemption on the interest amount.


鈥?Donations: Contributing donations to a registered NGO or a charitable trust can exempt you from paying taxes on the donated amount under Section 80G. The donor can either claim for 100% or 50% exemption on the donated amount based upon the receiver and the criterions set by the Income Tax Act.


鈥?Medical Insurance 鈥?Under Section 80D Christian McCaffrey Panthers Jersey , one can claim for exemption on the medical insurance policy. It is applicable to the policyholder and the dependent members too. It is a good opportunity to save tax while remaining secured for any kind of health emergency.


As it is evident that making an investment is a good way to save tax, and, even better if this can bring about a positive change in the society. Offering charity to a not-for-profit can create a win-win situation for the donor and the society. One such NGO is The Akshaya Patra Foundation that provides school lunch to more than 1.6 million government school children on every school day. The Foundation operates its kitchens in 34 locations in 12 states of India. It strives to provide unlimited food for education so that 鈥楴o child in India is deprived of education because of hunger.鈥?While sustaining its service for the current beneficiaries Jordan Scarlett Panthers Jersey , the Foundation aims to expand its reach to more locations so that more children can be nourished from its Mid-Day Meal Programme. Akshaya Patra is a recognised charitable trust eligible to offer tax exemptions to its donors as per Section 80G of the Income Tax Act. The Foundation directs all the funds towards providing wholesome meals to children so that they grow up to be healthy, educated, and responsible assets for the country. Thus Christian Miller Panthers Jersey , by choosing to contribute online donations for NGO, you are not only saving tax on your income but also securing the lives of young children.


So, take a stand and support the cause that will provide for the less-privileged Will Grier Panthers Jersey , foster hope, and constructively enrich our society.


Disclaimer: Each of the above-mentioned tax exemption plans has its own terms and conditions. Hence, it is advised to understand the respective tax exemption clauses prior to making an investment or a claim.

More About the Author

I'm a social volunteer Greg Little Panthers Jersey , lives in Bengaluru. I do work for NGOs to make society better. Currently I'm working for The Akshaya Patra Foundation. It's an NGO in India which provides wholesome nutritious mid-day meals to government school children to end classroom hunger. Total Views: 104Word Count: 574See All articles From Author
Education > Online EducationBenefits of Online Preparation Courses

Posted by nitishasherawat in Education on June 7th, 2014


Education world is becoming hi tech. every other organization associated with education is trying to help their student to learn better through modern methods. Technology is one such modern method, which helped the student to grow in most difficult conditions. Whether it is far off villages or the center of a busy city Brian Burns Panthers Jersey , education is everywhere due to the help of internet and computer. One such major step towards helping students to learn better is the GMAT online courses in Delhi. These courses are designed in such manner that any student who wishes to give GMAT examination can study comfortably at their own convenience.


What makes these online courses so much better than the offline ones? Let us see: