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80D EXEMPTION
Rs 15 lakh, Rs 20 lakh or Rs 25 lakh CTC? Check your exact TDS under new vs old tax regime for Tax Year 2026-27Understanding Tax Deducted at Source (TDS) on your salary is crucial. Employers calculate your annual tax liability based on declared incom...
CM Shivakumar announces one more Karnataka Bhavan in Delhi for civil servant aspirantsKarnataka's Cabinet has greenlit significant developments, including a new Karnataka Bhavan in Delhi for competitive exam aspirants, costin...
Plan in the works to let hospitals import med equipment directlyIndia's drug regulator is proposing to allow hospitals to directly import advanced medical equipment like MRI and CT scanners, bypassing cu...
New tax regime: 7 ways for salaried employees to reduce their tax liability while filing ITR for FY 2025-26Salaried individuals can still reduce their tax liability under the new tax regime for FY 2025-26. Key deductions include employer contribu...
Lady sold apartment, took Rs 2.5 lakh cash, bought new apartment from son-in-law, paid no tax, got income tax notice; she fights back and wins case in ITAT ChennaiA Chennai woman successfully appealed a tax notice after selling her apartment for Rs 35.5 lakh, including Rs 2.5 lakh in cash, and buying ...
New income tax regime: Don’t miss out on these 3 key deductions that will reduce your taxable income & help save more taxMany taxpayers mistakenly believe the New Tax Regime offers no deductions. However, salaried employees and pensioners can claim a Rs 75,000...
Salary hike this appraisal season? New labour codes and tax rules may change your real take-home payAppraisal season this year saw companies begin aligning salary structures with new labour codes and updated income tax rules. While some fi...
Income Tax Calculator 2026: Compare your income tax liability on Rs 15L, Rs 20L, Rs 30L and Rs 50L CTC under new vs old tax regimeThe Income Tax Rules, 2026 introduce significant benefits for salaried employees, including expanded HRA and meal card tax advantages. Thes...
What is the difference between tax exemption and tax deduction?If you are confused by personal finance terms, jargon and calculations, here’s a new series to simplify and deconstruct these for you. In t...
Income tax Budget 2024 expectations: 10 ways the finance minister can ease income tax and financial burden of senior citizensIncome tax Budget 2024 expectations: A notable percentage of taxpayers in India are senior citizens since they receive income, frequently t...
Budget 2024 Section 80D Exemption: Why govt should increase Section 80D tax exemption limit for health insurance under old tax regimeBudget 2024 Section 80D Exemption: Taxpayers who have opted for the old tax regime are hoping for an increase in the limit under section 80...
How you can still save tax while filing ITR for FY 2022-23If you are wondering how to lower the tax liability while filing income tax return, then it may happen that you have missed out to claim ce...
6 tax saving options for salaried individuals for FY 2022-23Last date to complete tax savings for current FY 2022-23 is March 31, 2023. A salaried individual is required to choose between the old and...
How to save income tax on salary of Rs 10 lakh and above in FY 2022-23 (AY 2023-24)With the last date of completing tax-saving exercise fast approaching, many people having salary income of Rs 10 lakh are wondering how to ...
Budget 2023: Income tax sops for health, life insurance policyholders; GST cut, what insurance industry wantsAmid high inflation and rising medical costs, the common man is expecting a host of insurance related reliefs from this Budget. Insurance i...
Tax deductions, exemptions not available in new tax regimeHere is the list if tax deductions and exemptions that one cannot claim if he/she opts for new tax regime for a particular financial year.
New income tax regime vs old: Which is better for you?To see if the new regime is beneficial, each individual will have to make their own calculations.
How well do you know the tax rules?An online survey conducted by Economictimes.com shows that Indians are not very clued in when it comes to taxation. Take this quiz to gauge...
Tax planning does not end with Section 80CIt's that time of the year again when one needs to begin calculating their tax liabilities. However before you do so, remember to analyze t...
- Life Insurance Corp's health plan may hit tax hurdle
IRDA has sought clarification from LIC on claims of tax exemption for the insurers' unit-linked health insurance policy (ULIP). Investment ...