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...
29 Jul, 2024, 06.30 AM IST
Tax-saving: 5 post office schemes with section 80C benefitsIndia Post offers a variety of simple-to-open, effective, and secure investing options. You can select the plan that best fits your investm...
19 Jan, 2023, 11.53 AM IST
Inflation up by 46% since 2014, section 80C limit hiked by 0%: How much should Budget 2023 increase it?Section 80C in the current form took shape during the budget of 2005. But the initial limit was only Rs 1 lakh and it clubbed together many...
06 Jan, 2023, 01.59 PM IST
Tax optimiser: Will Sharma's tax come down if he opts for the new income tax regime?Sharma can reduce his tax to zero if he brings down his taxable income to less than Rs 5 lakh. This can be done by rejigging the pay struct...
21 Jun, 2021, 10.29 AM IST
Want to know how much you need to invest to save tax? Use this calculator to find outDepending on the kind savings or expenditures you incur, under sections 80C and 80CCD1b of the Income-Tax Act, you are eligible for certain...
23 Jan, 2020, 12.55 PM IST
Tax optimiser: How salaried Manjunath can save Rs 70,000 tax via perks, LTAIf the company offers various perks like LTA, etc., your tax can surely reduce by a good amount. These are tax-free against submission of b...
25 Feb, 2019, 06.30 AM IST
Take this tax quiz to find out how much you know about basic tax lawsFiling tax returns is very easy. Yet, a lot of taxpayers are not aware of basic rules. Take this quiz to test your knowledge of tax regulat...
13 Aug, 2018, 06.30 AM IST
How Budget 2017 affects individual taxpayers in different income slabsHere's how Budget 2017 affects individual taxpayers in different income slabs
02 Feb, 2017, 04.45 PM IST
Bengaluru-based Singh can cut tax by rejigging pay structure, taking full benefit of Sec 80CSudhir Kaushik of Taxspanner.com advises readers on how to restructure their income, investments and expenses to optimise their tax.
25 Jul, 2016, 11.51 AM IST
How 27-year-old Ashok Kumar can reduce his taxes by 60%Taxspanner estimates that he can bring down his tax by almost Rs 37,000 by tweaking his pay package and investing more under Sec 80C.
09 May, 2016, 08.00 AM IST
Super rich should brace for Robin Hood Tax in BudgetLast year's budget had removed wealth tax but enhanced the surcharge on tax from 10% to 12% for those earning more than Rs 1 crore a year.
28 Feb, 2016, 06.41 PM IST
How taxpayers can maximise their savings under Sec 80CFrom current financial year, the expenses related to stamp duty and registration charges of the house can also be claimed as a deduction
03 Mar, 2015, 08.00 AM IST
Budget 2015: RBI's Rajan for raising savings limit beyond Rs 1.5 lakh for tax benefitsThe RBI Governor said that benefits of this instrument have been lost over time as the limit was anchored at Rs 1 lakh for a long time.
25 Feb, 2015, 01.50 PM IST
Budget tax sops only from August pay after the Finance Bill is passed in ParliamentSeveral companies run their payroll by the 15th of every month and would not be able to make the changes in time as the concessions announc...
15 Jul, 2014, 11.51 AM IST
- Union Budget 2010: Tax impact for resident senior citizens26 Feb, 2010, 02.17 PM IST
- Union Budget 2010: Tax impact for resident woman below 65 years of age26 Feb, 2010, 02.10 PM IST
- Union Budget 2010: Tax impact for resident individuals and HUF26 Feb, 2010, 01.52 PM IST