Searched for
TAX DEDUCTIONS FOR STUDENTS
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 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...
- Rs 17.25 lakh income of an employee was added as taxable salary despite working in UK; ITAT Delhi gives him relief under India-UK DTAAThe Income Tax Appellate Tribunal (ITAT) Delhi has ruled that even if a non-resident salaried individual has received any ‘per-diem’ paymen...
- Do you need to file ITR if you only incurred losses from equities or mutual funds? Check the detailsIndividuals earning below basic exemption limits (Rs 2.5 lakh old, Rs 4 lakh new regime) generally don't need to file ITR. However, mandato...
- Waiting for Form 16? Here’s when employers may issue it for AY 2026-27 ITR filingSalaried employees await Form 16 for Assessment Year 2026-2027. Employers must issue this crucial tax document by June 15, 2026. This form ...
- Who can file ITR-1 this year? Common mistakes to avoid while filing ITR-1 for AY 2026-27 on or before July 31, 2026Individuals eligible for ITR-1 filing for AY 2026-27 must file by July 31, 2026. This form is for resident individuals with income up to ₹5...
- Need over ₹2 crore for foreign education? From scholarships to SIPs - know the smart ways parents can plan for expensive foreign degreesThe escalating cost of foreign education, often underestimated by Indian parents, necessitates early financial planning. Beyond tuition, ac...
- Did you donate to a political party or plan to do so in the future and claim an income tax deduction? New ITR forms require extra disclosure, check what to reportNew income tax return forms for Assessment Year 2026-27 demand greater detail on political party donations. Taxpayers seeking deductions un...
- Tax day is near: Last-minute moves that could save you moneyTax day is close, but people still have time to save money. Experts say last-minute steps like retirement contributions, health savings, an...
- Six big TDS & TCS changes for Tax Year 2026-27: From TDS on NRI property to TCS on overseas remittance for education, know all that has changedNew tax rules for Tax Year 2026-27 begin April 1, 2026. Key changes affect TDS on NRI property and TCS on overseas remittances for educatio...
- Income Tax Calculator 2026: Compare your income tax liability on Rs 15L, Rs 20L, Rs 30L and Rs 50L CTC under new vs old tax regimeThe Income Tax Rules, 2026 introduce significant benefits for salaried employees, including expanded HRA and meal card tax advantages. Thes...
- Do college students need to file taxes? Income rules parents should knowCollege students earning money from jobs, freelance work, or scholarships may need to file taxes depending on income type and limits. Paren...
- Maximize 2026 IRS deductions without itemizing — Learn how above-the-line tax benefits save thousands, who qualifies and why?In 2026, the IRS raises standard deductions to $16,100 for singles. Above-the-line deductions reduce taxable income directly. Self-employed...
- Step-by-step guide to filing your tax return as an international student in AustraliaAustralian student visa holders working part-time or casually must lodge a tax return by 31 October 2025. Filing on time ensures compliance...
- Complete guide to saving money on taxes in 2025: Easy tips for retirement, health, home, education, children, and moreYou can save money on taxes by using retirement accounts, health savings accounts, and education credits. Parents can get benefits for chil...
- US bill may end tax break for foreign students on OPTA proposed law in the US may change taxes for foreign students. The DIGNITY Act of 2025 could end a tax break for international students in...
- Tax queries: My wife is currently studying. Can I claim I-T deduction on tuition fee that I pay for her?Deduction under Section 80C is allowed only for the tuition fee of only up to two children, provided their educational institution is situa...
- Can I switch to growth option in ELSS and claim 80C tax benefit after lock-in ends?After the lock-in ends, if one switches to growth plan, the amount invested in it will be considered as fresh investment and will be eligib...
- Student heading to the US? 3 tax rules to keep in mindThe US continues to be a top destination for students going abroad to study. We will look at the tax implications for students going to US ...
- Learn to claim deductions for education loanOur expert offers tips on various tax-related issues.
Load More
