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You Searched For "income tax deductions" and got 20 results


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4 mins read

The top 5% will benefit from Trump's tax plans while the rest of America pays more, a new analysis says

Trump's proposed tariffs could hurt lower earners' wallets, while extending the former president's …

Juliana Kaplan,Ayelet Sheffey   


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4 mins read

Home loan tax deductions: Self-occupied vs rented, the differences

Buying a home is undoubtedly one of the biggest financial commitments in one’s life. And since it i…

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3 mins read

Made a mistake while filing tax returns? Here’s how to file a revised ITR

The process of revising a tax return involves making necessary updates and corrections to a previou…

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3 mins read

Changed your job in the last financial year? Here’s how to get your tax filing in place

If you have changed your job recently, any time before 31 March 2023, you need to be more careful w…

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3 mins read

ITR filing: Your guide to Form 26AS and why you should check for TDS discrepancies

To check if your employer has deducted TDS, follow these steps. First, register on the Income Tax D…

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2 mins read

Comprehensive review of the IT Act imminent in 6 months, notes revenue secretary

​​Malhotra explained the government's rationale behind this proviso, noting that buyback does not f…

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1 min read

Govt to abolish angel tax on investments in startups

The removal of the angel tax is expected to be a boost for startups as it will help in promot…

PTI   


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5 mins read

Lok Sabha passes Finance Bill, provision on LTCG tax on property transactions amended

The Finance Bill 2024 was passed by Lok Sabha on Wednesday evening with a few amendments moved by t…

ANI   


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4 mins read

Union Budget 2024-25 key highlights: Angel tax to be scraped

You can watch the presentation live on the official Youtube channels of the government. After her s…

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2 mins read

Sensex, Nifty tumble after FM hikes STT on F&O

The NSE Nifty also ticked higher as the finance minister began the presentation of her 7th Unio…

PTI   


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3 mins read

Tax implications on income of a minor – What every parent should know

Income earned by a minor child from activities involving their skills, talent, or specialised knowl…

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4 mins read

Budget 2024: Three things the insurance sector want from FM Sitharaman this budget.

At present, individuals aged below 60 can claim an annual deduction of up to Rs 25,000 towards hea…

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4 mins read

Budget 2024: Here's what India's elderlies want

If any amount you receive from NPS is reinvested in the annuity plan, it remains tax-exempt. Howeve…

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4 mins read

India’s Income Tax Burden: Mere 0.3% of adult population account for 76% of total personal IT receipts

Data shows that currently India has 66.5 million individuals who pay personal income tax, which is …

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4 mins read

Budget Expectations: Time to revise tax slabs and deduction limits for personal tax payers

It is that time of the year again. Finance minister Nirmala Sitharaman is all set to deliver the bu…

Juliana Kaplan   


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6 mins read

Are you an NRI having income in India? Here’s how you will be taxed

You are a non resident Indian (NRI) if you live abroad. More specifically, you are classified as "n…

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3 mins read

Why you should start your tax-saving investments now and not wait any further

If you have opted for the old tax regime, you have several tax-saving options to choose from. If yo…

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3 mins read

Decoding Section 80D: The healthcare-related tax deductions available to you

When we think of financial planning, we think of investments, tax planning, retirement planning, an…

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3 mins read

5 popular deductions you can claim under Section 80C in 2023-24

Among all the different sections that provide deductions under the old tax regime, 80C is the most …