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TAX DEDUCTION ON CHILDREN EDUCATION ALLOWANCE
Quote of the Day by Carl Jung: ‘Children are educated by what the grown-up is and not…’ Swiss psychologist on learning and human developmentQuote of the Day by Carl Jung: Renowned psychologist Carl Jung, born in Switzerland, profoundly shaped our understanding of the human mind ...
Didn’t report FD interest in your ITR? Here’s how you can still correct the mistakeMissed reporting your Fixed Deposit interest in your Income Tax Return? Don't worry, you can still fix it. The Income Tax Department receiv...
A US city is set to enforce a 30-minute screen time rule in schools, while some students face a complete ban - here's what parents need to knowLos Angeles school screen time limits: Los Angeles Unified School District is implementing significant screen time limits for over 500,000 ...
Mumbai IT professional claims Rs 3.91 lakh TDS, gets only Rs 79,000 and Rs 3.36 lakh tax demand as employer failed to deposit tax; here's what happened nextITAT Mumbai found that full TDS credit has not been granted since assessee’s employer has deducted TDS but has not remitted the same to the...
Taking a second loan for home loan repayment? Claim tax deduction on both under old tax regime for Tax Year 2026-2027Homeowners can now potentially claim tax deductions on interest paid for both their original home loan and a subsequent loan taken to repay...
Gujarat says AI system helped prevent 1.67 lakh school dropouts last yearGujarat's innovative AI-powered early warning system is proving highly effective in curbing school dropouts. By analyzing student data, the...
Pakistan shocker: French woman, five children held in isolation for 12 years rescued, family says they were barred from meeting anyone, kids missed schooling for yearsA French mother and her five children have been rescued in Pakistan after allegedly being held in isolation for nearly 12 years. Authoritie...
Rs 15 lakh, Rs 20 lakh or Rs 25 lakh CTC? Check your exact TDS under new vs old tax regime for Tax Year 2026-27Understanding Tax Deducted at Source (TDS) on your salary is crucial. Employers calculate your annual tax liability based on declared incom...
Income tax dept identifies up to 20,000 cases of individuals who used the ‘swapped provisions’ trick to reduce net tax liability; Know what to do now to fix thisThe Income Tax Department has flagged 15,000-20,000 cases of individuals using a 'swapped provisions' trick to unfairly reduce their tax li...
Best quote of the day by Russian psychologist Lev Vygotsky: 'What a child can do in cooperation today, he can do...' - the Sociocultural Theory of Cognitive Development pioneer's insight on learning could change how you raise and teach childrenBest quote of the day by Lev Vygotsky: Psychologist Lev Vygotsky emphasized that learning is a social endeavor, not a solitary one. He posi...
No Form 16? Here's how salaried taxpayers can file ITR using AIS and Form 26AS for FY 2025-26Salaried individuals awaiting Form 16 for ITR filing can still proceed without it. Employers must issue this TDS certificate by June 15th. ...
Psychology says people who try to control every aspect of their children's life aren't always imposing but trying to inculclate good habits: What this parenting behavior means and the lessons behind itPsychology says people who try to control every aspect of their children's life aren't always acting from confidence or strength. In many c...
Filing ITR? Don’t ignore the ‘nature of employment’ field; it can affect NPS & retirement tax benefitsThe "Nature of Employment" field in the ITR is more than a routine disclosure. An incorrect selection can affect certain tax benefits, incl...
Annuity flexibility, tax tweaks can accelerate NPS growth: Axis Pension Fund CEO Sumit ShuklaA senior executive believes greater flexibility in retirement withdrawals and restored tax incentives could significantly boost the Nationa...
In 1979, 'Uncle Moosa' quit his govt job, took a suitcase full of books to remote Arunachal & led a revolution that changed children’s lives foreverSathyanarayan Mundayoor, a former Revenue Officer from Kerala, left his secure government job to bring books and learning opportunities to ...
Psychology says fathers who overlook their needs to fulfill the wishes of their children: What psychology explains about this parenting behaviorPsychology says fathers who overlook their needs to fulfill the wishes of their children reflects a parenting pattern linked to care, attac...
FD rate up to 8.05% for senior citizens investing for five years; Know list of banksSenior citizens can now secure fixed deposit rates as high as 8.05% for a five-year term with select small finance banks. While these attra...
NRE vs NRO income tax rules: How these NRIs, OCIs can save up to Rs 20,500 on $10,000 FD investmentNRIs can significantly reduce tax on NRE deposits in India, as this income is tax-exempt. While NRO account interest is taxable in India, N...
Paying rent but not receiving HRA? Here’s how non-salaried individuals can claim tax deductionSelf-employed individuals and salaried employees not receiving House Rent Allowance (HRA) can claim tax benefits for rent paid under Sectio...
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...