Amid high inflation and rising cost of healthcare, senior citizens are hoping for a slew of measures from Finance Minister Nirmala Sitharam...

Medical expenditures for certain specified diseases provide tax benefits under the Income-tax Act. Section 80D, 80DD and 80DDB and 80U of t...

The deduction under section 80DDB can be claimed irrespective of whether you have paid a premium for a health insurance policy or not. The ...

Here 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.

Here are tax breaks you can claim on various incomes and expenditures under different sections of the Income-tax Act, 1961 that can reduce ...

One can claim deductions either for himself or dependents which can be one’s spouse, parents, children or dependent siblings or members of ...

The deduction under section 80DDB can be claimed only by the taxpayer who is a resident of India during the relevant previous year.

Deduction under Section 80C is allowed only for the tuition fee of only up to two children, provided their educational institution is situa...

Interest up to Rs 10,000 from all savings bank accounts, whether held with a bank or post office, is applicable for tax deduction under Sec...

You can claim deductions you might have failed to while submitting your investment declarations. Read on to see how you can maximise your t...

This deduction is available on the expenditure incurred by a taxpayer on the treatment of specified diseases for self or spouse, and depend...

Finance Ministry has made it easier to claim tax benefit on expenditure with regard to serious ailments like thalassaemia, cancer, AIDS and...

Another benefit for the elderly is in terms of the increase in deduction in health insurance premium and medical treatment.

It'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...

The Section 80C offers a wide range of investing options, but your choice should be based on your needs, risk profile and investment horizo...

Our expert helps you Understand the Complexities of Tax In This Weekly Column.

The business of simplification is becoming more complicated. Even as Finance Minister Jaswant Singh has vowed to simplify the process of fi...