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VOLUNTARY DEDUCTION
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...- 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...
- 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...
- Will Rs 32 lakh EPF corpus withdrawal be tax-free? Are there better options than withdrawing?ET Wealth Reader's Query: I contributed to EPF until 2021 while working at an MNC. Since moving to a startup in 2022 that doesn’t offer PF,...
- 'You want me to quit? Sure': Gen-Z retail employee quit after boss said “work somewhere else,” triggering an 8-person walk-out over shady pay rulesA boss's dismissive attitude towards his young, female staff backfired spectacularly. When an employee challenged illegal practices, he thr...
- NPS growth, performance, market-linked annuities; Sriram Iyer, CEO of HDFC Pension, talks about India’s changing retirement landscapeIndia's retirement planning is evolving with rising private sector NPS participation and evolving annuity products. While government contri...
- Can salary-linked SIPs transform mutual fund investing for salaried Indians? Experts weigh inSebi has proposed a framework allowing salaried employees to invest in mutual funds through salary deductions, similar to EPF and NPS. This...
- 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 ...
- NPS gets new investment option: Pension body allows NPS funds to invest in these rupee bondsThe PFRDA has updated NPS investment guidelines, effective May 13, 2026, to include rupee-denominated bonds issued by the New Development B...
- New Income Tax law aims to build transparent, tech-driven ecosystem for taxpayers: OfficialPune's Principal Chief Commissioner of Income Tax, Vivek Wadekar, announced the new Income Tax Act, 2025, aims to simplify compliance and f...
- 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...
- New $25,000 tip tax deduction explained: who qualifies and how to claim itThe new $25,000 tip tax deduction applies from 2025 through 2028. File IRS Schedule 1-A to claim it. Only voluntary tips qualify. Income li...
- How NRIs can extract maximum value from voluntary deductible in their health insuranceIndian software engineer Ravi moved to the US for a career opportunity but overlooked his health insurance policy in India. After realizing...
- Finding Rs 1 crore health insurance cover costly? A Rs 50k voluntary deduction can reduce premium by up to 35%If you have a health insurance policy with a low sum insured, you face a big risk. A few years from now, the cost of treatment will, in all...
- Motor insurance: Should you opt for lower IDV, voluntary deductible to reduce premium payable?Insured Declared Value means the maximum value for which your car is insured in case of total loss/theft in a particular year.
- Tax queries: VRS benefit up to Rs 5 lakh is exempted from taxDilip Lakhani, Senior Chartered Accountant, answers queries from our readers on income tax and other levies.
- Experts differ on how to claim additional NPS tax benefit under Sec 80CCD (1b)The new tax return forms still don't provide any clarity on whether or not ‘employee contributions’ can be treated as ‘self contribution’.
- Don’t get lured by discounted offers on car insurance; Here's why you need to be cautiousDon’t get lured by discounted offers. Agents manipulate the policy features to make the price look attractive. Look under the hood before y...
- Say bye to voluntary EPF deductionsThe first thing to do is to ask your employer to restructure your salary and switch back to giving the extra PF deduction amount as part of...
- How you can reduce the premium on your car insuranceFind out the simple measures, such as installing safety devices in your vehicle and avoiding small claims, that can help you lower the prem...
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