Cobbjackson

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Love birds are one of the smallest parrots species available as companion pets. They are the small group of parrots in the old world parrot family. These genes of love birds are known as Agapornis. This bird is surprisingly more inquisitive and amazing.

Who is eligible for 80EE and 80EEA?

Cobbjackson10 Mar, 2022Health

The deduction under this section is available only to individuals. This deduction is not available to any other taxpayer. Thus, if you are a HUF, AOP, partnership firm, company, or any other kind of taxpayer, you cannot claim any benefit under this s

disadvantages of recurring deposit

Cobbjackson08 Mar, 2022Finance

In a recurring deposit scheme, the investor deposits a set amount every month over a predefined tenure which generally varies between one year to five years. The recurring deposit scheme has one major differentiating point when compared to fixed depo

Is food voucher taxable?

Cobbjackson07 Mar, 2022Health

However, there is a big exception. Employer-provided meals are tax-free to the employee and 100% deductible by the employer if they are provided: on the employer's business premises, and. for the convenience of the employer.Are coupons taxable income

What is a Relocation Policy?

Cobbjackson04 Mar, 2022Home & Garden

A relocation occurs when you move to another city or state for a job and must leave behind your present life; your home, family and friends. People relocate for jobs every day for a variety of reasons. A relocation takes a lot of thought and planning

how to claim food coupons tax exemption

Cobbjackson03 Mar, 2022Home & Garden

Meal coupons are provided by the employer on an amount calculated for two meals per working day. The annual allowance for meal coupons works out to be Rs 26,400 and is tax-exempt in the hands of the employee.With respect to the other components, thee

HDFC Recurring Deposit

Cobbjackson02 Mar, 2022News

HDFC Bank offers recurring deposit under two schemes – Regular Recurring Deposit and NRE Recurring Deposit. You can get an interest rate ranging from 6.25% to 7.40% on the deposited amount. Senior citizens can get an 0.50% additional interest rate on

Terms for Claiming Section 80EE Deductions

Cobbjackson28 Feb, 2022Entertainment

Only individual taxpayers can claim deduction under Section 80EE on properties purchased either singly or jointly. If an individual has bought a property jointly with his or her spouse and they are both paying the instalments of the loan, then the tw

https://thefundadvisor.com/tag/80ccd2-clarification-by-income-tax-department/

Cobbjackson25 Feb, 2022Entertainment

Section 80CCD(1B) specifically deals with contributions made by an individual (employee or self employed) to pension schemes as notified by the central government. This section provides additional deduction of Rs 50,000 over and above 80C limit of Rs

Books And Periodicals Allowances Use for

Cobbjackson24 Feb, 2022Health

Car lease and reimbursement expenses: If company-owned cars are leased to you, you can use the allowance to save tax. Right from the expenses incurred for the provision of a company-leased car to reimbursement of the day-to-day running expenses of th

Example Of Food Coupon Allowance

Cobbjackson23 Feb, 2022Health

Let’s think that if an employee consumes two meals a day using meal vouchers during a working day and works for 25 days during a month. Then meal vouchers are often tax-exempt only to the extent of Rs 2,500 per month (Rs. 50 per meal x 2 x 25 days). N