Salaried employees can claim child education allowance tax exemption under the old tax regime. This exemption is available for up to two ch...

Headline property gains often mislead investors about actual wealth doubling. Chartered Accountant Nitin Kaushik highlights numerous expens...

SSY interest rate: The Sukanya Samriddhi Account offers an 8.2% annual interest rate, compounded yearly. Parents can invest up to Rs 1.5 la...

Taxpayers filing updated returns face incorrect interest charges. Centralised Processing Centre calculates Section 234B interest beyond tax...

Salaried employees face a crucial tax decision between old and new regimes. The new tax regime offers lower tax liability across various in...

A government proposal may allow employees to voluntarily reduce their EPF contributions. This change could increase immediate take-home sal...

Taxpayers should gather documents and choose the correct tax regime and ITR form. Verify Annual Information Statement and Form 26AS details...

The new Income Tax Act, 2025, takes effect from April 1, 2026, maintaining current tax slab rates. Highest tax rate remains 30% for incomes...

An investment must first stand up as an investment, and be a tax-saver only by accident. However, this problem has now solved itself. The n...

Miscounted days in India, missed NRO interest and TDS mismatches can invite notices from a data-savvy tax department.

A chartered accountant warns that home loan borrowers often overlook the total repayment, which can double the initial amount. He highlight...

Airlines are now exempt from deducting tax at source on lease rentals paid to eligible aircraft leasing companies in GIFT City. This move a...

Senior citizens can now secure fixed deposit interest rates up to 8.3% for a three-year term with select small finance banks, offering a lu...

Parents can open a Public Provident Fund (PPF) account for their minor children to secure their future, benefiting from compounding over th...

The Ministry of New and Renewable Energy is pushing for a distinct deviation settlement mechanism for wind and solar projects, arguing they...

Retirement planning often pits National Pension System (NPS) against equity mutual funds. While mutual funds offer flexibility and potentia...

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