NRE vs NRO: One account can make your interest tax-free, the other can attract over 30% TDSNRIs and OCIs can use NRE accounts for overseas income and NRO accounts for India-sourced income, but tax treatment differs sharply. NRE in...
19 Jun, 2026, 03.44 PM IST
Paying rent but not receiving HRA? Here’s how non-salaried individuals can claim tax deductionSelf-employed individuals and salaried employees not receiving House Rent Allowance (HRA) can claim tax benefits for rent paid under Sectio...
18 Jun, 2026, 01.30 PM IST
Will Rs 32 lakh EPF corpus withdrawal be tax-free? Are there better options than withdrawing?ET Wealth Reader's Query: I contributed to EPF until 2021 while working at an MNC. Since moving to a startup in 2022 that doesn’t offer PF,...
16 Jun, 2026, 10.52 AM IST
Best tax saving mutual funds or ELSS to invest in June 2026Taxpayers can save income tax up to Rs 1.5 lakh annually by investing in Equity Linked Savings Schemes (ELSS). These tax-saving mutual fund...
09 Jun, 2026, 09.38 AM IST
Facebook privacy settlement checks coming from June 9 - here’s who qualifies, how much you’ll get and everything you need to knowFacebook user privacy settlement: Facebook users who previously cashed their initial privacy settlement payment are now eligible for a seco...
05 Jun, 2026, 07.23 PM IST
How can I transfer or gift 800 grams of gold to my daughters?ET Wealth Reader's Query: I am a 50-year-old widower. My wife passed away a few years ago. I currently have around 800 grams of gold that b...
02 Jun, 2026, 12.23 PM IST
Pension is salary, family pension is not: Key tax rules pensioners must know before filing ITR for AY 2026-27Pension and family pension are taxed differently under the Income-Tax Act, yet many taxpayers continue to confuse the two while filing retu...
01 Jun, 2026, 07.11 AM IST
Rs 2.46 lakh yearly income from SCSS: How senior citizens can earn regular interest incomeThe Senior Citizens Savings Scheme (SCSS) offers a high 8.2% interest rate for the April-June 2026 quarter, with a five-year tenure extenda...
16 May, 2026, 12.58 PM IST
Best tax saving mutual funds or ELSS to invest in May 2026Taxpayers can save income tax up to Rs 1.5 lakh annually by investing in Equity Linked Savings Schemes (ELSS). These tax-saving mutual fund...
11 May, 2026, 09.39 AM IST
Don’t make this tax mistake: Key quarterly deadlines that could save you moneyMissing quarterly tax deadlines can cost you extra money in penalties and interest. People who earn on their own or expect to owe taxes mus...
02 May, 2026, 06.56 PM IST
Want higher health insurance coverage through super top-up policy? HDFC Ergo, Aditya Birla, ICICI Lombard, Niva Bupa, Care plans comparedRising healthcare costs necessitate enhanced coverage beyond base policies. Super top-up plans offer this crucial protection, acting as an ...
29 Apr, 2026, 08.33 AM IST
Australia announces $1000 instant tax deduction for millions of taxpayers under proposed law; How it works and what will be the maximum and average savings?Millions of Australians will soon benefit from a $1,000 instant tax deduction. This new legislation simplifies claiming work-related expens...
20 Apr, 2026, 12.11 PM IST
Section 80D deduction: You can claim maximum deduction of Rs 1 lakh on health insurance to save income taxTax-saving via section 80D for FY 2023-24: Here's all you need to know about claiming deduction under Section 80D to save income tax. This ...
07 Feb, 2024, 04.31 PM IST
Claiming deductions under sections 80C to 80U under old tax regime while filing ITRDo keep in mind that those individuals who are planning to opt for a new, concessional tax regime will not be able to claim the common dedu...
13 Jun, 2023, 03.09 PM IST
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...
20 Feb, 2023, 01.59 PM IST
A quick guide on how to save tax in a financial yearFor the financial year 2020-21, if you have opted for the old income tax regime, then there are many ways you can save tax. Here is how you...
04 Mar, 2022, 01.47 PM IST
Quick tax-saving tipsHere are tax breaks you can claim on various incomes and expenditures under different sections of the Income-tax Act, 1961 that can reduce ...
09 Jan, 2020, 03.55 PM IST