A new Income-tax Act arrives on April 1, 2026. It brings fresh income tax forms and replaces many old ones. Taxpayers will use these new fo...

Salaried employees need to collect Form 123 from employers by April 30, 2026. This form details perquisites like meal card benefits. It is ...

Senior citizens can still secure fixed deposit (FD) interest rates up to 8.05% for a three-year term from select small finance banks, with ...

People turning 60 at any point during the financial year can now claim senior citizen benefits for the full year while filing the new Form ...

Senior citizens can now secure fixed deposit interest rates as high as 8.05 percent for a five-year term. Several banks are offering this a...

Financial tasks: Proactive financial planning, from retirement savings to KYC updates and nominee details, ensures a smoother year ahead.. ...

I am a German citizen, and have an OCI card. How will inheritance of assets located in India be taxed for me? Is the inheritance itself tax...

The Income Tax Department has clarified eligible banks for TDS on interest under the new Income-tax Act, 2025, effective April 1, 2026. The...

The Income Tax Department has provided details on tax rules for senior and super senior citizens. For assessment years 2025-26 and 2026-27,...

Senior Citizen Savings Scheme: TDS is deducted when the interest on SCSS exceeds Rs 50,000 in a financial year. This TDS is deducted from t...

Fixed deposit: Senior citizens can get upto 8.35% interest rate on FDs maturing between one year and less than two years. There are many pr...

Budget 2021 announced an exemption from the ITR filing process for senior citizens above a certain age. This exemption is available to seni...

Under the income tax laws, an individual is considered as a senior citizen or super senior citizen provided, he/she has crossed the specifi...

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

With the arrival of new year 2023, there are many deadlines which an individual should know. These deadlines are monetary which impacts you...

As per the memorandum to the Budget 2021, "In order to provide relief to senior citizens who are of the age of 75 years or above and to red...

The law of levying late filing fees under section 234F became effective from the financial year 2017-18 or assessment year 2018-19 onward. ...