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Tax Tips

# 36

Income tax can be voluntarily paid in the form of advance tax, self-assessment tax & tax deducted at source.

# 35

CAUTION ! To claim deduction on your donations, ensure that you contribute to only those entities that are approved by the Income Tax Department.

# 34

DID YOU KNOW? You can simultaneously claim HRA exemption as well as deduction in respect of your home loan.

# 33

If you have had multiple employers during the last financial year, then you must consider income from all such employments for computing your tax liability.

# 32

Interest on loan taken for higher education (for yourself or for your children) is eligible for deduction.