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Articles tagged Section 24 on FinWiz24 — plain-English guides on tax, GST, loans, and personal finance.
The HRA exemption helps salaried employees cut their tax bill by thousands every year. Here is exactly what it covers, who can claim it, how to calculate it with real numbers, and what homeowners can claim instead.
Section 24(b) of the Income Tax Act 2025 lets you deduct home loan interest from your rental income — up to ₹2 lakh per year on a self-occupied property, and with no cap on let-out property. Here is exactly how it works, who qualifies, and how much you save.
Section 80D of the Income Tax Act 2025 lets you deduct health insurance premiums for yourself, your family, and your parents — up to ₹1 lakh in total. Here is exactly what the deduction covers, who qualifies, and how much you actually save.