Has Budget 2026 done anything to move taxpayers to new income tax regime?Middle-class taxpayers hoping for tax relief in Budget 2026 were left wanting, as no new concessions were announced. Existing benefits unde...
Don’t forget to claim these five deductions for reducing your income tax liability for AY 2025-26 under old tax regimeThe deadline for submitting ITR for FY 2024-25 is September 15, 2025 and this means eligible taxpayers should claim eligible certain tax de...
Tax-free interest up to Rs 7000: Post Office Savings Accounts still offer relief under new tax regime; Here's how to claim itTax-free interest from post office: Many individuals will opt for the new tax regime for FY 2025-26. This is due to the new income tax slab...
How much income tax deduction is available on bank FD, RD and savings account interestSave income tax: Here's how you can claim income tax deduction on interest from bank FD, RD and savings account and save income tax. Howeve...
Budget 2024 should hike savings account interest deduction to Rs 50,000 from Rs 10,000An individual opting for old tax regime is eligible to get deduction under Section 80TTA for the interest earned from savings bank account ...
Which tax deduction can be claimed on savings account interestThe tax deduction under section 80TTA can be claimed for interest earned on savings accounts held with a bank, co-operative bank or a post ...
Deductions under old tax regime: 5 things to knowSection 80TTA provides deduction for an individual or an HUF of maximum Rs.10,000 against interest income from savings a/c with a bank, co-...
Resurgence of TTP and fragile state of PakistanA direct dialogue was held with the TTP at the DG ISI level wherein intangible promises were made. The irony after the change of government...
How senior citizens can avail tax break on interest income under Sec 80TTBSection 80TTB offers deduction to senior citizens and super citizens on the interest earned from deposits held with a bank, post office or ...
How can I avail tax break on interest income earned on RD, monthly income schemes and NSC?Under Section 80TTA, you can claim a deduction of up to Rs 10,000 on savings bank/post office deposits. Interest earned on post office RD a...
You can save tax on up to Rs 17,000 savings account interest: Here's howPost office savings interest up to Rs 3,500 is exempt for single a/cs and up to Rs 7,000 for joint a/cs.
ITR-1 for FY2018-19 asks for interest income break-up from tax payersThis year you will have to give break-up of your interest income when filing ITR 1.
Budget 2018 proposes tax, other benefits for senior citizens: Rs 50,000 interest income exemptedInterest 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...
Tax queries: You need not pay tax on sale of inherited sharesDilip Lakhani, Senior Chartered Accountant, answers queries from our readers on income tax and other levies.
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Tax queries answered by Dilip Lakhani, Senior Chartered AccountantEvery week, an expert selected by ET answers queries from our readers on income tax. This week, the queries include, among others, will pay...