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  • Income tax planning: Last-minute tips to save tax from loans Mar 25, 2021 10:06 AM IST

    Income tax planning: Last-minute tips to save tax from loans

    Income tax planning: Do not worry if you skipped paying the interest in the last year due to any reason whatsoever including the distress of the ongoing pandemic, you can still claim this deduction.

  • Income tax planning: Last-minute tips to save tax using medical bills Mar 23, 2021 10:00 AM IST

    Income tax planning: Last-minute tips to save tax using medical bills

    Income Tax Saving: For the Medical insurance of parents of an individual, a deduction of Rs 25,000 can be claimed.

  • Explained: How you can save on taxes via rebates, exemptions and deductions Jul 13, 2020 10:01 AM IST

    Explained: How you can save on taxes via rebates, exemptions and deductions

    While a tax rebate is beneficial for low-income earners, deductions can be claimed by all individuals irrespective of their tax slabs.

  • Budget 2020: Donation details to be pre-filled in tax returns Feb 01, 2020 02:28 PM IST

    Budget 2020: Donation details to be pre-filled in tax returns

    Charitable institutions to provide data and register online

  • The multiple tax benefits of the national pension system Sep 25, 2019 10:34 AM IST

    The multiple tax benefits of the national pension system

    The Tier 1 account is covered under EET (Exempt Exempt Taxed) regime

  • Budgets 2019: Take note of key provisions that bring pain and relief Aug 07, 2019 09:59 AM IST

    Budgets 2019: Take note of key provisions that bring pain and relief

    This year was unique, since a number of provisions in both the Budgets (in February and in July) have significantly impacted taxpayers

  • Budget 2016: Link insurance tax benefits with policy term & not sum assured Feb 15, 2016 01:07 PM IST

    Budget 2016: Link insurance tax benefits with policy term & not sum assured

    There should be separate tax benefit available for premium paid for a life insurance policy. Also the tax benefits associated with life insurance should be based on policy term and not sum assured.

  • Plan your savings bank interest well to avoid tax Nov 13, 2015 06:28 PM IST

    Plan your savings bank interest well to avoid tax

    Interest on saving bank account has the tax deduction of Rs 10000 per year. This can be used to reduce the tax liability.

  • Claiming IT deduction under Section 80DDB becomes easy Oct 27, 2015 12:37 PM IST

    Claiming IT deduction under Section 80DDB becomes easy

    Specialists in private hospitals can now give certificate for deduction under Section 80DDB of the Income Tax Act.

  • Getting tax benefits for use of a car Oct 05, 2015 05:19 PM IST

    Getting tax benefits for use of a car

    Once there is an asset that is present then several expenses related to the running of the asset would have to be allowed as a deduction. So for example in case of a car the running and maintenance cost of the car that is allocated for the purpose of business or profession would be allowed as a deduction.

  • Things you may not know about Income Tax Act Apr 30, 2015 11:20 AM IST

    Things you may not know about Income Tax Act

    Income tax act offers a wide range of deductions. Process of collection of tax is also complex, which leaves lot of scope for confusion at the end of the tax-payer. It is better to know the fine print to ensure on the right side of the law.

  • Union Budget 2015: 8 things Budget can do to lift demand for housing: SBI econ Feb 19, 2015 09:01 AM IST

    Union Budget 2015: 8 things Budget can do to lift demand for housing: SBI econ

    Deduction on interest paid on Home Loan under section 24 may be allowed from the date of commencement of payment of interest / principal, feels SBI

  • Know the exact amount that is being earned as tax benefit Jan 27, 2015 07:32 PM IST

    Know the exact amount that is being earned as tax benefit

    Summary: Individuals should know the exact money invested and the associated tax benefit that they may get. Amount of tax saving enjoyed by an individual depends on individual's tax slab.

  • Deduction for CAPEX enhanced to 150%; Chambal Fert up Mar 16, 2012 12:29 PM IST

    Deduction for CAPEX enhanced to 150%; Chambal Fert up

    Government has enhanced deduction for CAPEX to 150% for fertilizer sector.

  • Deduction in case of a person with disability Feb 09, 2012 11:47 AM IST

    Deduction in case of a person with disability

    Deduction is available to a resident individual with disability of Rs 50000 and in cases of severe disability the deduction available is Rs 75,000.

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