CA Arjun Dhorajiya

In today’s competitive job market, understanding salary allowances is essential for both employers and employees. Salary allowances are an integral part of a compensation package, often enhancing take-home pay while providing tax-saving opportunities. For businesses, strategically planning allowances can improve employee satisfaction and retention. This blog delves into the world of salary allowances, their types, […]

Are you a self-employed professional or salaried employee  who pays rent but doesn’t receive a house rent allowance (HRA)? Section 80GG of the Income Tax Act could help you save on taxes! This lesser-known provision allows eligible taxpayers to claim a deduction on rent paid, easing the financial burden. Let’s dive into the details of

Section 80G of the Income Tax Act is a boon for individuals and businesses looking to contribute to social welfare while reducing their tax liability. This section incentivizes donations made to eligible charitable institutions and funds by offering tax deductions. In this blog, we’ll explore the essentials of Section 80G, including its benefits, eligibility, and

India’s focus on green energy and sustainability has led to various incentives for adopting electric vehicles (EVs). One such benefit is the Section 80EEB deduction introduced under the Income Tax Act, 1961. This provision allows individuals to claim a tax deduction on the interest paid on loans taken for purchasing electric vehicles.  Here’s an in-depth

Education is an investment in the future, but rising costs can make financing it challenging. To ease this burden, the Indian government offers a tax benefit under Section 80E of the Income Tax Act, 1961, which allows individuals to claim deductions on interest paid for education loans. Here’s a comprehensive guide to understanding and leveraging

Managing medical expenses can be challenging, especially when dealing with critical or prolonged illnesses. Thankfully, the Indian Income Tax Act offers relief under Section 80DDB, which allows taxpayers to claim deductions for medical treatment of specified diseases or ailments. In this blog post, we’ll explore everything you need to know about Section 80DDB, including eligibility,

Tax planning is an essential aspect of financial management, especially for senior citizens in India who often rely on fixed-income sources such as savings accounts and fixed deposits. To ease the financial burden on senior citizens, the government introduced Section 80TTB under the Income Tax Act, 1961. This deduction allows senior citizens to reduce their

Saving on taxes is as crucial as saving money in your bank account, and one of the provisions under Indian tax laws that can help you do both is Section 80TTA. Designed to benefit individual taxpayers and Hindu Undivided Families (HUFs), this section allows you to claim deductions on interest income from savings accounts. Let’s

Tax planning is a crucial aspect of personal finance, and the Indian Income Tax Act provides several deductions to ease the burden on taxpayers. Among these, Section 80U stands out as a vital provision, offering tax benefits to individuals with disabilities. This guide provides a comprehensive overview of Section 80U, covering its eligibility criteria, deduction

Tax planning is a critical aspect of personal finance, especially for individuals looking to maximize savings while supporting family members with disabilities. Section 80DD of the Income Tax Act, 1961, offers significant relief for individuals who incur expenses for the medical treatment and well-being of dependents with disabilities. In this blog, we’ll cover: What is