Save 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...

You can claim certain income tax deductions under different heads and therefore reduce your overall income tax liability. Section 80C of th...

An individual opting for old tax regime is eligible to get deduction under Section 80TTA for the interest earned from savings bank account ...

The tax deduction under section 80TTA can be claimed for interest earned on savings accounts held with a bank, co-operative bank or a post ...

Section 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-...

With the last date of completing tax-saving exercise fast approaching, many people having salary income of Rs 10 lakh are wondering how to ...

Section 80TTB offers deduction to senior citizens and super citizens on the interest earned from deposits held with a bank, post office or ...

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.

Money held in savings accounts earns interest which can be paid quarterly or half yearly or annually.

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...

Post office savings interest up to Rs 3,500 is exempt for single a/cs and up to Rs 7,000 for joint a/cs.

This year you will have to give break-up of your interest income when filing ITR 1.

As per Budget, individuals with annual income up to Rs 5 lakh will get full tax rebate under section 87A.

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...

Here are a few more breaks available under 80C and various other sections of the I-T Act that you can make the most of to further reduce yo...

Dilip Lakhani, Senior Chartered Accountant answers queries from our readers on taxation matters.

Every week, an expert selected by ET answers queries from our readers on income tax. This week, the queries include, among others, will pay...