Mar 25, 2021 10:06 AM IST
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.
- Mar 23, 2021 10:00 AM IST
Income Tax Saving: For the Medical insurance of parents of an individual, a deduction of Rs 25,000 can be claimed.
- Jul 13, 2020 10:01 AM IST
While a tax rebate is beneficial for low-income earners, deductions can be claimed by all individuals irrespective of their tax slabs.
- Feb 01, 2020 02:28 PM IST
Charitable institutions to provide data and register online
- Sep 25, 2019 10:34 AM IST
The Tier 1 account is covered under EET (Exempt Exempt Taxed) regime
- Aug 07, 2019 09:59 AM IST
This year was unique, since a number of provisions in both the Budgets (in February and in July) have significantly impacted taxpayers
- Feb 15, 2016 01:07 PM IST
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.
- Nov 13, 2015 06:28 PM IST
Interest on saving bank account has the tax deduction of Rs 10000 per year. This can be used to reduce the tax liability.
- Oct 27, 2015 12:37 PM IST
Specialists in private hospitals can now give certificate for deduction under Section 80DDB of the Income Tax Act.
- Oct 05, 2015 05:19 PM IST
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.
- Apr 30, 2015 11:20 AM IST
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.
- Feb 19, 2015 09:01 AM IST
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
- Jan 27, 2015 07:32 PM IST
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.
- Mar 16, 2012 12:29 PM IST
Government has enhanced deduction for CAPEX to 150% for fertilizer sector.
- Feb 09, 2012 11:47 AM IST
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.