Author: aryanshah

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Section 80D Deduction – Eligibility, Deduction & Calculation
Submitted by aryanshah on March 14, 2023 in Blog
https://life.futuregenerali.in/life-insurance-made-simple/tax-hacks/blogs/section-80d-deduction/

Each of us needs a medical insurance policy in order to be protected. When you unexpectedly need large sums of money, these plans offer a strong financial backup.. Hence, it….

How to save tax on long-term capital gains?
Submitted by aryanshah on March 13, 2023 in Blog
https://life.futuregenerali.in/life-insurance-made-simple/tax-hacks/blogs/how-to-save-tax-on-long-te

Long term capital gains are chargeable to income tax 20 There is no minimum exemption limit prescribed so the entire amount of capital gains will qualify. Long-term capital gain taxability….

Section 194N – TDS on Cash Withdrawals Exceeding Rs 1 Crore
Submitted by aryanshah on March 10, 2023 in Blog
https://life.futuregenerali.in/life-insurance-made-simple/tax-hacks/blogs/section-194n/

In pursuit of a ‘Digital India’, the government announced a tax on high value cash withdrawals under Section 194N Let us understand how this taxation works.In the Finance Bill, 2019,….

Section 80EEA – Claim deduction for the interest paid on housing loan
Submitted by aryanshah on March 9, 2023 in Blog
https://life.futuregenerali.in/life-insurance-made-simple/tax-hacks/blogs/section-80eea-deduction/

If you’ve availed a home loan to purchase or construct a house, you can claim a deduction under section 80EEA with regards to the interest on the loan. This section….

Income Tax Slab for Senior Citizens and Super Senior Citizens
Submitted by aryanshah on March 8, 2023 in Blog
https://life.futuregenerali.in/life-insurance-made-simple/tax-hacks/blogs/income-tax-slab-for-senior-citizens/

Government has eased out the financial burden for retired individuals Know the distinction in tax benefits for senior and super senior citizens. the government has attempted to minimise the tax….

Leave Encashment – Calculation, Taxation and Other Rules
Submitted by aryanshah on February 25, 2023 in Blog
https://life.futuregenerali.in/life-insurance-made-simple/tax-hacks/blogs/leave-encashment/

Every salaried employee is entitled to leaves like casual, sick, earned or annual Are these leave encashment taxable as salary. Most of these leaves can be carried forward to the….

Tax Planning: Use Income Tax Section 80 to Save Tax Legally
Submitted by aryanshah on February 21, 2023 in Blog
https://life.futuregenerali.in/life-insurance-made-simple/tax-hacks/blogs/save-income-tax-section-80

Save more tax Know about deductions under Sec 80C, Sec 80D, Sec 80CCD and more Use tax saving investment and pay lower taxes to achieve your goals. This is why….

Different types of life insurance plans in India
Submitted by aryanshah on February 17, 2023 in Blog
https://life.futuregenerali.in/life-insurance-made-simple/life-insurance/different-types-of-life-insurance-in-india/

There are different types of life insurance plans and policies in India Read more to learn in detail about the different types of insurance plans in India.To get the best….

What Is the Taxability of Dividend Income?
Submitted by aryanshah on February 16, 2023 in Blog
https://life.futuregenerali.in/life-insurance-made-simple/tax-hacks/blogs/tax-on-dividend-income/

If you invest in stocks, ULIPs, or mutual funds, you will receive a dividend Dividends are the earned returns paid out to investors who have invested in stocks and similar….

Types of Allowances in India: Taxable and Non Taxable Allowance 2022-23
Submitted by aryanshah on February 14, 2023 in Blog
https://life.futuregenerali.in/life-insurance-made-simple/tax-hacks/blogs/types-of-allowances/

If you think that your entire salary is liable to taxes, then that is not true. Your overall package, often known as CTC, comprises of many allowances..What are allowances Here….