Palgou India

free income tax filing

Top Income Tax Benefits for Senior Citizens in India: Maximize Your Savings in FY 2024-25

Senior citizens in India can avail themselves of several income tax benefits to reduce their tax liability for the financial year 2024-25. Here are some key provisions: 1. Higher Tax Exemption Limits: 2. Deductions Under Section 80TTB: Senior citizens can claim a deduction of up to ₹50,000 annually on interest income from savings accounts, fixed […]

Top Income Tax Benefits for Senior Citizens in India: Maximize Your Savings in FY 2024-25 Read More »

Section 80E: Income Tax deduction for Interest on Education Loan

Education is the cornerstone of personal and societal development. Recognizing the importance of higher education, the Indian government has introduced various measures to facilitate access to quality education. One such initiative is the provision of tax benefits under Section 80E of the Income Tax Act, 1961, which allows individuals to claim deductions on the interest

Section 80E: Income Tax deduction for Interest on Education Loan Read More »