Understanding Tax Deducted at Source (TDS) on your salary is crucial. Employers calculate your annual tax liability based on declared incom...

AI company Anthropic is launching a new program called Claude Corps. This initiative will place 1,000 fellows with non-profit organizations...

India's retirement planning is evolving with rising private sector NPS participation and evolving annuity products. While government contri...

Cannabis decision by the Federal Government Iargely legitimizes medical marijuana programs in the 40 states that have adopted them.

Tariff Refund Website Goes Live Today: Here's everything you need to know. A massive $166 billion refund process begins today, and the tari...

TEXPROCIL has responded to US investigations on excess manufacturing capacity and forced labor. The Indian textile body rejects these claim...

The Income Tax Department is scrutinizing deductions claimed under Section 80GGC for political donations, prompting notices to taxpayers. A...

Income tax return filing: You are eligible to claim a tax refund for expenses incurred for a disabled person including medical treatment. T...

Do 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...

For 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...

"The amount of deduction depends on the percentage of disability. The deduction claimed is fixed irrespective of the actual expenses. The d...

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

To reduce your gross total income and thereby your income tax liability, you have to enter details of deductions that you want to claim und...

Every week, an expert selected by ET answers queries from our readers on income tax and other levies.

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

It is thought that taxpayers can claim deductions under sections 80C to 80U of the Income-tax Act from gross total income to reduce the tot...

An additional deduction of Rs 25,000 has been announced for differently-abled persons under Section 80DD and Section 80U of the Income-tax ...