Sections Under Income Tax where You can SAVE

As the last date of filing income tax is approaching, still many of us are not aware of deductions which we can claim. Most of us know about only the popular deductions, here are few which are either introduced this dear or are not very popular:

1. Section 80TTA: Interest on savings bank account will now be exempt up to Rs. 10,000 in a year.But income generated from the savings bank account should first be declared and then the exemption can be claimed.

2. Section QQB: For authors of certain specified books, royalty income or copyright fees up to Rs. 3 lakh […] Read more