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STANDARD DEDUCTION LIMIT
Income Tax AY 2026-27: Even if your salary income is below Rs 12.75 lakh, you still need to pay tax for these incomesIncome Tax AY 2026-27: Salaried individuals earning up to Rs 12.75 lakh annually may enjoy zero tax liability due to enhanced Section 87A r...
ITR filing AY 2026-27: 8 costly mistakes taxpayers should avoid this tax return filing seasonThe I-T Department’s growing scrutiny, using AI and data analytics tools, leaves little room for omissions and errors, making accurate tax ...
Balance sheet trick: Decoding another manipulation, and how to spot a bad apple in your portfolio before othersThere is one line in the accounts that most investors skip because it looks routine. But behind that line can sit disputed demands, old los...
New tax regime: 7 ways for salaried employees to reduce their tax liability while filing ITR for FY 2025-26Salaried individuals can still reduce their tax liability under the new tax regime for FY 2025-26. Key deductions include employer contribu...
NPS withdrawal rules clarified: Postal department says pension body explains conditions to withdraw 100% NPS-Lite corpusNPS-Lite subscribers can now withdraw their entire accumulated pension wealth up to Rs 2 lakh as a lump sum, the Department of Posts announ...
New income tax regime: Don’t miss out on these 3 key deductions that will reduce your taxable income & help save more taxMany taxpayers mistakenly believe the New Tax Regime offers no deductions. However, salaried employees and pensioners can claim a Rs 75,000...
Choosing a crypto exchange in India? Read this firstWith fees, security and ease of use all up for scrutiny, WazirX makes a strong case for being the everyday trader’s go-to platform in India...
Your employer may soon pay your SIP from salary: Sebi's new mutual fund proposal explainedYour employer might soon invest in mutual funds directly from your salary. Sebi is considering a new proposal to allow this. Employees can ...
Less than 24 hours in Hospital? Know about health insurance coverage for day care treatments, surgeries, and emergency proceduresMany policyholders believe health insurance claims require a 24-hour hospital stay. However, modern policies cover numerous treatments comp...
Americans could get $1,700 back in a new tax credit; here's who qualifies and how to claim itA new federal education tax credit is putting up to $1,700 back on the table for eligible Americans, and families across the U.S. are start...
Gold EGRs vs gold ETFs: Which one should yellow metal investors choose?Gold has long been a trusted store of wealth in Indian households, valued both emotionally and financially. However, owning physical gold c...
Zero income tax on Rs 15 lakh CTC? Here’s how these allowances and perks can cut your tax under new tax regimeSalaried individuals can significantly reduce their tax liability under the new tax regime by strategically utilizing allowances and perqui...
Mumbai couple earning Rs 40 LPA still can't buy their dream home. CA explains why: 'People are not buying homes anymore....'Mumbai's property market shows a widening gap between salaries and home prices. A couple earning Rs 40 lakh annually struggles to afford a ...
Stop overpaying taxes: SSA rules explained — hidden ways to saveMany people think Social Security Administration income is always tax-free, but that is not true. Taxes depend on your total income and rul...
NRI but using resident savings account? Here’s what you must know about NRE, NRO, and FEMA rulesNRIs must update their Indian bank accounts to NRE or NRO status to comply with FEMA regulations. Failing to do so can result in significan...
Want higher health insurance coverage through super top-up policy? HDFC Ergo, Aditya Birla, ICICI Lombard, Niva Bupa, Care plans comparedRising healthcare costs necessitate enhanced coverage beyond base policies. Super top-up plans offer this crucial protection, acting as an ...
IRS no tax on tips 2026: Can you really deduct up to $25,000, who qualifies, and how much tax can you save?IRS no tax on tips 2026 is trending fast. Up to $25,000 deduction is now possible. That is real money saved. This rule applies to tax years...
Don’t miss out: Smart last-minute tax moves to boost deductions before April 15Tax tips before April 15 deadline: With the April tax deadline approaching, organize your documents and explore deductions for retirement a...
Standard deduction limit increased? Here's what Budget 2024 saysStandard deduction limit in interim budget 2024: The standard deduction limit was last hiked in interim budget 2019. Since then maximum ded...
Standard I-T deduction could rise by 30-35%, tweak in slabs unlikely"There are many suggestions on personal taxation. This year one common demand was to enhance the limit of standard deduction, especially co...