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  • Finance Minister Nirmala Sitharaman says EPS tax limit ‘can be reviewed’ Feb 22, 2021 11:17 AM IST

    Finance Minister Nirmala Sitharaman says EPS tax limit ‘can be reviewed’

    Sitharaman has also said there is no plan to merge EPF with the National Pension Scheme and they will continue to remain in their present forms.

  • Budget 2021 has something to cheer for unorganised sector employees Feb 17, 2021 11:28 AM IST

    Budget 2021 has something to cheer for unorganised sector employees

    Gig, platform and home-based workers will now get social security benefits

  • This tax-saving season, avoid these common investment mistakes Feb 17, 2021 09:15 AM IST

    This tax-saving season, avoid these common investment mistakes

    Buying unnecessary life insurance policies, borrowing to invest for saving on taxes, and mixing financial and tax planning are best avoided

  • How tax-loss harvesting on investments can minimise your capital gains tax outflows Feb 15, 2021 08:51 AM IST

    How tax-loss harvesting on investments can minimise your capital gains tax outflows

    The strategy gainfully exploits the volatility of equities and also pushes tax liability to a later date

  • Despite Budget relaxation, taxpayers aged 75-plus may be better off filing I-T returns Feb 12, 2021 09:49 AM IST

    Despite Budget relaxation, taxpayers aged 75-plus may be better off filing I-T returns

    Budget’s concession on tax return filing for senior citizens comes with too many strings attached and more clarity is awaited

  • ULIP taxation: Limited clarity on key aspects after Budget announcement Feb 11, 2021 10:15 AM IST

    ULIP taxation: Limited clarity on key aspects after Budget announcement

    Tax experts differ over the implications of early ULIP surrenders, debt fund options

  • Tax on EPF interest: How will TDS be applied? Feb 09, 2021 09:33 AM IST

    Tax on EPF interest: How will TDS be applied?

    The income tax department has indicated that interest income from provident fund contributions over Rs 2.5 lakh will be taxed like fixed deposit interest

  • Budget 2021: A host of tax proposals for Individuals Feb 05, 2021 10:55 AM IST

    Budget 2021: A host of tax proposals for Individuals

    Without any additional tax or cess, the budget has done a fine balancing act

  • Budget 2021: Much to cheer for taxpayers on procedural changes Feb 04, 2021 11:11 AM IST

    Budget 2021: Much to cheer for taxpayers on procedural changes

    The easing of procedural norms for senior citizens, NRIs and advance tax payers is welcome

  • INTERVIEW | Cutting income tax rates isn't the only way to provide relief: Finance Secretary Feb 03, 2021 10:06 PM IST

    INTERVIEW | Cutting income tax rates isn't the only way to provide relief: Finance Secretary

    In an exclusive interview to Moneycontrol, Ajay Bhushan Pandey said that GST collections in the last couple of months have improved because of systemic changes undertaken by the department of revenue, without increasing tax rates.

  • Budget 2021-22: After repeated misses, this Budget sets modest tax collection targets Feb 03, 2021 02:50 PM IST

    Budget 2021-22: After repeated misses, this Budget sets modest tax collection targets

    There could be legitimate concerns over whether fiscal expansionism through capital expenditure would manifest the desired results. But over-optimistic projections and below-the-line accounting aren't any of them.

  • Budget 2021: A non-event from a personal finance standpoint Feb 03, 2021 11:01 AM IST

    Budget 2021: A non-event from a personal finance standpoint

    While there were announcements on procedural improvements in the Budget, there are no new tax benefits

  • Budget 2021 promotes ease of paying taxes Feb 03, 2021 09:36 AM IST

    Budget 2021 promotes ease of paying taxes

    Pre filled tax forms will capture capital gains and interest data from banks and post offices

  • Budget 2021: Here’s how retail investors and taxpayers will be affected Feb 02, 2021 10:37 AM IST

    Budget 2021: Here’s how retail investors and taxpayers will be affected

    If those above 75 have income from rent and capital gains, they are not eligible for the exemption from filing tax returns

  • Budget 2021 | Tax compliance framework to help stabilise economy Feb 01, 2021 09:24 PM IST

    Budget 2021 | Tax compliance framework to help stabilise economy

    Despite tight fiscal situation, Nirmala Sitharaman has been considerate enough not to come out with new measures to compensate the treasury through significant additional levies.

  • Budget2021: Didn’t file income tax returns? Be prepared for higher TDS Feb 01, 2021 09:10 PM IST

    Budget2021: Didn’t file income tax returns? Be prepared for higher TDS

    Budget 2021-22 a proposes steeper tax rate for those who have PAN, but don’t file income tax returns

  • Budget 2021: Words that featured prominently in FM Nirmala Sitharaman's speech Feb 01, 2021 08:48 PM IST

    Budget 2021: Words that featured prominently in FM Nirmala Sitharaman's speech

    Tax, infrastructure and health are some of the prominent words that featured the most in FM Nirmala Sitharaman's Budget speech this year.

  • What Budget 2021 means for taxpayers, investors and consumers Feb 01, 2021 08:27 PM IST

    What Budget 2021 means for taxpayers, investors and consumers

    From bringing tax parity between ULIPs and mutual funds to taking away traditional tax saving avenues of the well off, Budget 2021 aims to strike a balance

  • Government confident of achieving targets set in Budget 2021-22: DEA secretary Tarun Bajaj Feb 01, 2021 07:12 PM IST

    Government confident of achieving targets set in Budget 2021-22: DEA secretary Tarun Bajaj

    Finance minister Nirmala Sitharaman said the Centre is targeting a fiscal deficit of 6.8 percent of gross domestic product (GDP) for FY22, which will gradually come down to below 4.5 percent by FY26. This will require amendments to the Fiscal Responsibility and Budget Management Act

  • Budget 2021: Residency problem persists for NRIs, but retirement fund glitches removed Feb 01, 2021 06:47 PM IST

    Budget 2021: Residency problem persists for NRIs, but retirement fund glitches removed

    For NRIs stuck in India due to COVID-19, the tax problem persists. But mismatch in taxation period and retirement benefit funds will be addressed

  • Budget 2021: Interest deduction on loans for affordable housing extended till March 2022 Feb 01, 2021 05:47 PM IST

    Budget 2021: Interest deduction on loans for affordable housing extended till March 2022

    This deduction is over and above the deduction of Rs 2 lakh for interest payments available under Section 24(b) of the Income Tax Act, 1961

  • Budget 2021: ULIP maturity proceeds not tax-free anymore Feb 01, 2021 05:15 PM IST

    Budget 2021: ULIP maturity proceeds not tax-free anymore

    Union Budget 2021 has withdrawn tax-free maturity on fresh ULIPs if annual premiums exceed Rs 2.5 lakh

  • Budget 2021: Interest income on annual EPF contributions above Rs 2.5 lakh to be taxed Feb 01, 2021 03:21 PM IST

    Budget 2021: Interest income on annual EPF contributions above Rs 2.5 lakh to be taxed

    A larger contribution to your Employees’ Provident Fund will be taxed

  • Budget 2021: Turned 75? No need to file income tax returns from next year Feb 01, 2021 02:52 PM IST

    Budget 2021: Turned 75? No need to file income tax returns from next year

    The relief in compliance is available if you earn only pension and interest income

  • Budget 2021: Tax-filing and dispute resolution to be simplified Feb 01, 2021 02:30 PM IST

    Budget 2021: Tax-filing and dispute resolution to be simplified

    Pre-filled capital gains and bank interest, faceless appeals to reduce tax compliance

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