wayfarertrip Team

Senior Citizens to Save More! Tax Deduction on Interest Income Doubled to ₹1 Lakh

Senior Citizens Rejoice! Tax Deduction on Interest Income Doubled The Budget 2025-26 brings great news for senior citizens! Finance Minister Nirmala Sitharaman has announced a major relief by increasing the tax deduction limit on interest income from ₹50,000 to ₹1 lakh. Increased Tax Deduction Limit Senior citizens can now enjoy higher tax benefits on interest…

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Income Tax Deductions List – Deductions on Section 80C, 80CCC, 80CCD & 80D – FY 2023-24 (AY 2024-25)

1. Section 80C – Deductions on Investments Section 80C allows individuals and Hindu Undivided Families (HUFs) to reduce their taxable income by making specific investments or incurring eligible expenses. The maximum deduction under this section is ₹1,50,000 per annum. Eligible investments and expenses include: 2. Section 80CCC – Deduction for Pension Funds This section provides…

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RBI’s New CIBIL Rules: Shocking Changes You Must Know for Easy Loan Approvals!

Maintaining a good CIBIL score is now easier! The Reserve Bank of India (RBI) has introduced new rules from January 1, 2025, that make the credit process more transparent and consumer-friendly. These changes ensure faster updates, better notifications, and quicker complaint resolutions. Key Changes in RBI’s CIBIL Rules 1. CIBIL Score Updates Every 15 Days…

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