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  • Income tax benefits on medical treatment and health insurance Dec 11, 2019 09:10 AM IST

    Income tax benefits on medical treatment and health insurance

    Premiums paid/reimbursed by the employer are tax-free perquisites for the employee

  • Needed: Lowering of personal income tax as proposed in the DTC Oct 03, 2019 09:17 AM IST

    Needed: Lowering of personal income tax as proposed in the DTC

    The slab rates proposed would rationalise the present ones and do away with surcharges.

  • Can children’s school fees paid by the employer be claimed for tax deduction? Aug 21, 2019 08:51 AM IST

    Can children’s school fees paid by the employer be claimed for tax deduction?

    Strictly speaking, since the fee has been paid by the employer, it does not satisfy the condition of ‘paid by the individual’ and hence should not qualify for a deduction in the hands of the employee.

  • Budget 2019: Home Loans Interest exemption increased for affordable homes Jul 05, 2019 02:02 PM IST

    Budget 2019: Home Loans Interest exemption increased for affordable homes

    Houses costing less than Rs 45 lakh can get the benefit

  • Would the happy tune continue for home owners this Budget? Jul 03, 2019 10:14 AM IST

    Would the happy tune continue for home owners this Budget?

    Whether the rental exemption on second house, TDS cap raise continue remains to be seen

  • Keep your date with filing income tax returns Jun 25, 2019 09:09 AM IST

    Keep your date with filing income tax returns

    The process has become almost entirely electronic. You must use the correct forms and report the exact details of income as well as deductions

  • Is transport allowance paid to employees fully taxable? Jun 19, 2019 10:18 AM IST

    Is transport allowance paid to employees fully taxable?

    Lack of clarity leads to a controversy of whether such expenses are to be treated as taxable, considering them to be personal, or not taxable considering them to be official.

  • PPFAS mutual fund gets ready to launch 2nd equity fund in 6 years May 29, 2019 12:54 PM IST

    PPFAS mutual fund gets ready to launch 2nd equity fund in 6 years

    PPFAS Asset Management's CIO Rajeev Thakkar told Moneycontrol that the fund house would launch this scheme mostly in the first week of July 2019.

  • Budget 2017: Tax terms that may figure in Budget & what might change Jan 30, 2017 11:00 AM IST

    Budget 2017: Tax terms that may figure in Budget & what might change

    Finance Minister Arun Jaitley might announce some major changes in the tax landscape. Here, we explain a few taxation terms that might crop up and what is likely to change relating to them.

  • Budget 2017: What the real estate industry wants from Jaitley Jan 30, 2017 08:00 AM IST

    Budget 2017: What the real estate industry wants from Jaitley

    The real estate sector has been plagued by many challenges, including delays in projects owing to funding issues, complicated government diktats, unclear records and land titles and delays in obtaining approvals. The passage of &#82

  • Budget 2017: Health insurers seek tax incentives to boost penetration Jan 23, 2017 04:17 PM IST

    Budget 2017: Health insurers seek tax incentives to boost penetration

    Health insurance providers feel tax incentives to salaried class on purchase of health insurance should be raised. Also, exemption of service tax on health insurance premiums and preventive health check-ups can prompt more people to buy health cover.

  • Missed investment declaration deadline? Here's what you can do Jan 11, 2017 12:47 PM IST

    Missed investment declaration deadline? Here's what you can do

    There is no reason to panic since you have time till March 31 to make the necessary investments for tax saving.

  • Finer points about income tax benefits related to life insurance Oct 10, 2016 06:11 PM IST

    Finer points about income tax benefits related to life insurance

    The conditions for the tax free benefit from the proceeds of insurance policies mentions details about the extent of the premium to be paid as compared to the sum assured.

  • Loan against property: What you need to know Jul 29, 2016 02:04 PM IST

    Loan against property: What you need to know

    Recently, loan against property (LAP) has emerged as a popular form of long-term loans, especially among the self-employed. According to a recent report from CRISIL, this loan category is expected to grow 22% annually &#82

  • Changing job during year? How to offer multiple salaries to tax Apr 28, 2016 05:13 PM IST

    Changing job during year? How to offer multiple salaries to tax

    Many individuals do change jobs and they have to face the problem of combining salaries from two employers. Here is how to go about it.

  • New home loan schemes to fuel your home ownership dream Mar 30, 2016 02:53 PM IST

    New home loan schemes to fuel your home ownership dream

    Home loan companies and banks have launched schemes that would make buying your dream home a reality.

  • How to claim HRA tax benefits Mar 11, 2016 09:41 AM IST

    How to claim HRA tax benefits

    House rent allowance (HRA) is a part of your salary and can be claimed to save on income tax. Here are some tips for the same.

  • Budget 2016: Max Bupa asks for more tax incentives for health insurance Feb 23, 2016 04:16 PM IST

    Budget 2016: Max Bupa asks for more tax incentives for health insurance

    Health insurance tax deduction should be enhanced to Rs 50000. Also service tax on health insurance should be removed.

  • Budget 2016: Allow health insurers to carry forward losses for 10 years Feb 23, 2016 09:50 AM IST

    Budget 2016: Allow health insurers to carry forward losses for 10 years

    Government should take various measures to ensure increased penetration of health insurance in India.

  • Budget 2016: Should close the protection gap with more tax incentives Feb 22, 2016 05:46 PM IST

    Budget 2016: Should close the protection gap with more tax incentives

    Tax benefits may create awareness when it comes to property insurance, a category most individual insurance buyer neglect.

  • How the Union Budget impacts home buying sentiment Feb 01, 2016 06:32 PM IST

    How the Union Budget impacts home buying sentiment

    If the finance minister offers additional incentives to buy a property, there will be more demand for housing. There are many individuals who require some stimulus to buy a property in the form of tax incentives.

  • Grossing up income to show right results for tax payments Aug 18, 2015 12:27 PM IST

    Grossing up income to show right results for tax payments

    You have to account for tax deducted at source, while computing income tax payable and accordingly file your income tax returns

  • Save income tax with help of donations under section 80GGA Jan 12, 2015 09:36 AM IST

    Save income tax with help of donations under section 80GGA

    Individuals can donate money for scientific research and rural development and claim deduction from taxable income.

  • Games and their taxation aspects Dec 02, 2013 02:23 PM IST

    Games and their taxation aspects

    The games could be of any type and there could be a wide range of such games that would be included and as long as these are classified as being gambling or betting it would be covered.

  • Tax benefits: How to avail them if you miss dates Mar 18, 2013 11:58 AM IST

    Tax benefits: How to avail them if you miss dates

    Individuals looking at various tax deductions and other benefits provided to them in the Income Tax Act often miss out a very important component of the benefits.

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