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36 Results Found
  • Small savings schemes | Finance Ministry leaves PPF, NSC interest rates untouched Oct 01, 2019 02:04 PM IST

    Small savings schemes | Finance Ministry leaves PPF, NSC interest rates untouched

    The move is especially expected to benefit small savers and senior citizens

  • Viewpoint | NPS sets the example for retirement plans globally Jun 13, 2019 09:28 AM IST

    Viewpoint | NPS sets the example for retirement plans globally

    The plan is fostering a responsibility among workers to prepare for their own retirement

  • Tax benefits to donors of Kerala flood victims Aug 22, 2018 06:15 PM IST

    Tax benefits to donors of Kerala flood victims

    Donations to the Kerala Chief Minister's Distress Relief Fund have also been exempted from income tax.

  • Invest smartly while making last-minute tax planning moves Mar 10, 2017 01:38 PM IST

    Invest smartly while making last-minute tax planning moves

    Taking advantage of tax deductions for investment under section 80C of the Income Tax Act must start with a list of investments already made to avoid unnecessary overinvesting for tax deduction.

  • No tax deduction for RGESS; what it means for investors Feb 20, 2017 12:03 PM IST

    No tax deduction for RGESS; what it means for investors

    While it was launched with much fanfare, the RGESS never seems to have struck a chord with taxpayers.

  • How to maximize tax savings under Section 80D? Feb 06, 2017 09:08 AM IST

    How to maximize tax savings under Section 80D?

    Section 80D of the Income Tax Act in India allows a taxpayer to claim deductions of up to Rs. 25,000 on payment of medical insurance premium during a financial year. Senior citizens (above the age of 60 years) can claim Rs. 30,000 under this section.

  • Budget restricts tax benefit on second house to Rs 2 lakh Feb 02, 2017 06:18 PM IST

    Budget restricts tax benefit on second house to Rs 2 lakh

    Tax benefit on loan repayment of second house will be restricted to Rs 2 lakh per annum, Finance Bill 2017 has proposed, a move that may hit hard those making big savings so far as there have been no limits on set off from such property.

  • How to use home loans effectively for tax benefits Jan 30, 2017 09:02 AM IST

    How to use home loans effectively for tax benefits

    While there is one EMI payable to repay home loan, one must take into account the principal and the interest to enjoy tax benefits.

  • Rate cuts may indicate more sops for home buyers in Budget 2017 Jan 25, 2017 08:00 AM IST

    Rate cuts may indicate more sops for home buyers in Budget 2017

    There has not been any precedence of major interest rate cuts, ahead of the union budget‘s presentation. On the contrary, major financial policy decisions are put on hold or deferred, ahead of the budget. &#82

  • Budget 2017: Separate exemption limit for insurance under sec 80C a must Jan 23, 2017 06:08 PM IST

    Budget 2017: Separate exemption limit for insurance under sec 80C a must

    With the social fabric of the country undergoing changes, it is imperative to encourage the lower/ middle income segments to provide for their own security.

  • Budget 2017: 3 key hopes of the realty market Jan 23, 2017 08:00 AM IST

    Budget 2017: 3 key hopes of the realty market

    1. More clarity on REITs Easing the guidelines for real estate investment trusts (REITs), will open the way for the realty sector to get easy funding and ensure timely completion of projects, say developers. &#82

  • Budget 2016 to Budget 2017: Did last year‘s sops help affordable housing? Jan 19, 2017 08:00 AM IST

    Budget 2016 to Budget 2017: Did last year‘s sops help affordable housing?

    In the 2016-17 union budget, the government introduced several measures to boost affordable housing. Among the significant ones, it provided 100% tax exemption on profits, for developers building homes up to 30 sq meters &#82

  • How to make the most of the tax benefits available with loans Dec 28, 2016 05:30 PM IST

    How to make the most of the tax benefits available with loans

    Education loan and home loan come with income tax benefit. Here are the rules that govern the tax benefits.

  • How to calculate income from house property Oct 28, 2016 12:07 PM IST

    How to calculate income from house property

    Income earned from a property that is owned by a tax payer, is taxed under the head ‘income from house property‘, whether it is a residential or commercial property.   Basis for taxation If R

  • Home loans and tax benefits if you own multiple homes Oct 17, 2016 12:26 PM IST

    Home loans and tax benefits if you own multiple homes

    People are generally under the impression that one can own any number of properties but one cannot take more than one home loan at a time. This is not true. As there is no &#82

  • 4 Advantages of Married Couples Jointly Owning Property Aug 01, 2016 12:01 PM IST

    4 Advantages of Married Couples Jointly Owning Property

    In addition to making an informed decision, property buyers are also working out the best mode of acquiring their immovable assets. Whether it‘s choosing the best financing option for tax benefits or directly dealing &#82

  • Finance Act 2016: Tax benefits for home purchase and rent paid Jun 13, 2016 12:23 PM IST

    Finance Act 2016: Tax benefits for home purchase and rent paid

    The finance bill, was presented in the parliament on February, 29, 2016. It became a law, after receiving the president‘s assent, from May 14, 2016. This Finance Act 2016, has certain provisions, which will …

  • First time home loan takers & finer points of extra tax benefit Jun 09, 2016 06:31 PM IST

    First time home loan takers & finer points of extra tax benefit

    There are several details that should be the focus of the individuals and the conditions that come with this extra benefit.

  • Why you should buy a house today Jun 02, 2016 03:19 PM IST

    Why you should buy a house today

    Legendary investor Warren Buffet says that his top three investments were the two wedding rings and buying a house.

  • Budget 2016: FM Arun Jaitley offers tax sops for first time home buyers Feb 29, 2016 01:39 PM IST

    Budget 2016: FM Arun Jaitley offers tax sops for first time home buyers

    The Union Budget 2016 offers an additional tax benefit of Rs 50000 for first time home buyers.

  • Budget 2016: More tax exemptions can achieve inclusive economic development Feb 23, 2016 06:01 PM IST

    Budget 2016: More tax exemptions can achieve inclusive economic development

    Tax exemptions can be aimed at promoting health insurance. Also government can offer tax incentives to channelize savings, which in turn work for individuals in their retirement planning.

  • Budget 2016: Equity Fund-of-Funds should get tax treatment of equity funds Feb 12, 2016 06:45 PM IST

    Budget 2016: Equity Fund-of-Funds should get tax treatment of equity funds

    These schemes are treated as debt funds for the purpose of tax treatment, which makes them unattractive.

  • Why you should be investing in NPS this year? Jan 15, 2016 10:49 AM IST

    Why you should be investing in NPS this year?

    NPS as a retirement tool has become attractive with low cost, flexibility & long term higher growth due to equity component. While NPS is highly recommended, one also has to see the age of entry & likely corpus accumulation to have a meaningful pension.

  • Taxation on national saving certificate made simple Oct 16, 2015 10:42 AM IST

    Taxation on national saving certificate made simple

    Investment in national saving certificate fetches tax deduction under section 80C of income tax act. The interest accrued on NSC also is tax deductible.

  • Your housing loan tax benefit depends on reason for loan Sep 18, 2015 12:05 PM IST

    Your housing loan tax benefit depends on reason for loan

    Housing loan can be taken for the purchase of a house or for the repairing of the house. And depending on the reason, the tax benefits change.

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