Know The Deductions While Filing Tax Returns
Bangalore: You might be preparing to fill your tax returning form, as the tax filing season in on. But before you do this, find out how much you earned during the whole year and the deductions you are eligible for. Here are few charts formed by ET Bureau, which will help you calculate your tax returns.
Image Source - Economic Times
1. Income From Salary
What it includes- Any income received from your employer, like value of perks, bonuses, commission and special allowances.
Deductions available - Certain allowances like HRA, medical allowance, LTA and conveyance etc. are subjected to rules.
