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You may receive interest on the balance in your savings account. While this interest counts as income, it is also subject to tax. However, under India’s Income Tax Act, Section 80TTA allows individuals to claim a deduction on this interest income, helping reduce their overall tax liability.
- 6 min read
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- 18 Dec 2025
The Central Goods and Services Tax, or CGST full form, refers to the tax levied by the central government on intra-state supplies of goods and services. It is a key component of India’s Goods and Services Tax (GST) framework, which replaced several indirect taxes with a unified structure in 2017.
- 5 min read
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- 1,045
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- 18 Dec 2025
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