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Income tax

Income Tax Savings: How you can save up to Rs 8 lakh tax through these 10 methods

Income Tax Savings: How you can save up to Rs 8 lakh tax through these 10 methods

Tue, Dec 17, 2024

How to save tax: With the right strategy and investment, anyone can save up to Rs 8 lakh in income tax. Here are 10 effective ways that will not only help you keep more of your income but also support your financial planning.

Zomato gets Rs 803.4 crore tax demand from GST authorities

Zomato gets Rs 803.4 crore tax demand from GST authorities

Thu, Dec 12, 2024

Food delivery aggregator Zomato on Thursday said the GST department in Thane has imposed a tax demand of Rs 803.4 crore, including interest and penalty. The demand order has been received in respect of non-payment of GST on delivery charges with interest and penalty thereon, Zomato said in a regulatory filing.

Income tax refunds jump 46.3% to Rs 3.04 lakh crore in April-November

Income tax refunds jump 46.3% to Rs 3.04 lakh crore in April-November

Thu, Dec 12, 2024

This year-on-year surge showcases not only the capacity of the system but also the proactive engagement of taxpayers in adhering to filing deadlines.

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Budget 2020: All the tax exemptions taxpayers will have to let go in new tax regime

Budget 2020: All the tax exemptions taxpayers will have to let go in new tax regime

Sat, Feb 01, 2020

Budget 2020: The government has made changes in the income tax slabs. The change in income tax slabs has been brought with some conditions. The taxpayers have the option to stick to the current scheme or switch to the new one introduced in the budget

Budget 2020: Expert explains how your EPF, NPS could become taxable

Budget 2020: Expert explains how your EPF, NPS could become taxable

Sat, Feb 01, 2020

Budget 2020: While the government has decided to rejig the tax structure by introducing new slabs and reducing tax rates in almost all categories, your contribution towards employees provident fund, national pension system and other investment instruments might become taxable.

Budget 2020: Government intends to remove all Income Tax exemptions in long run, says Nirmala Sitharaman

Budget 2020: Government intends to remove all Income Tax exemptions in long run, says Nirmala Sitharaman

Sat, Feb 01, 2020

This important statement by FM Nirmala Sitharaman came after she introduced new slabs and reduced the tax rate for different slabs for an individual income of up to Rs 15 lakh per annum, if a taxpayer opts for foregoing exemptions and deductions.

Income Tax: Earning Rs 15 lakh annually? Here is what you must know

Income Tax: Earning Rs 15 lakh annually? Here is what you must know

Sat, Feb 01, 2020

Tabling Budget 2020, Finance Minister Nirmala Sitharaman proposed to bring a new and simplified personal income tax regime wherein income tax rates will be significantly reduced for the individual taxpayers who forgo certain deductions and exemptions.

Income Tax slabs 2020: How much you will have to pay now?

Income Tax slabs 2020: How much you will have to pay now?

Sat, Feb 01, 2020

Income Tax slabs 2020: The Modi government on Saturday introduced new slabs for taxpayers in India, while reducing the tax rate for different slabs for people with income up to Rs 15 lakh per annum, if they opt for foregoing exemptions and deductions.

Income tax slabs Budget 2020: Joy for taxpayers, FM announces big tax benefits - Rs 5 lakh to Rs 7.5 lakh slab to pay just 10 pct

Income tax slabs Budget 2020: Joy for taxpayers, FM announces big tax benefits - Rs 5 lakh to Rs 7.5 lakh slab to pay just 10 pct

Sat, Feb 01, 2020

Income tax slabs Budget 2020: In a big relief for income tax payers, Finance Minister Nirmala Sitharaman on Saturday introduced new slabs and reduced the tax rate! This applies to different slabs for an income of up to Rs 15 lakh per annum.

Income Tax Slab 2020: Big relief for taxpayers! FM announces new income tax slabs; Check benefits

Income Tax Slab 2020: Big relief for taxpayers! FM announces new income tax slabs; Check benefits

Sat, Feb 01, 2020

Income Tax Slab 2020: FM Nirmala Sitharaman has proposed the status quo on personal income up to Rs 5 lakh per annum while she has proposed a new income tax slab.

Income Tax slabs changes in Budget 2020: Rate cut announced for income up to Rs 15 lakh

Income Tax slabs changes in Budget 2020: Rate cut announced for income up to Rs 15 lakh

Sat, Feb 01, 2020

Income Tax Changes in Budget 2020: The common has got good news with change in income tax rates and more benefits from Finance Minister Nirmala Sitharaman in Union budget. Here is all you need to know about chnage in slabs, section 80c and more.

Budget 2020: Top 5 income tax relief that common man expects from Nirmala Sitharaman

Budget 2020: Top 5 income tax relief that common man expects from Nirmala Sitharaman

Sat, Feb 01, 2020

Budget 2020 Expectations: Finance Minister Nirmala Sitharaman is a few hours away from tabling the second Union budget (#BudgetOnZee) in the Parliament.

Budget in a minute: What is Section 80C of income tax? Zee Business Managing Editor Anil Singhvi explains

Budget in a minute: What is Section 80C of income tax? Zee Business Managing Editor Anil Singhvi explains

Thu, Jan 30, 2020

Budget in a minute: Every year as the government gets ready to present Union Budget, the common man eagerly waits for income tax sops to be announced. This time is no different.

Budget 2020: Will Modi government hike income tax benefit under NPS from Rs 50,000 to Rs 1 lakh?

Budget 2020: Will Modi government hike income tax benefit under NPS from Rs 50,000 to Rs 1 lakh?

Thu, Jan 30, 2020

Budget 2020: While most taxpayers are hoping that Modi government announces an increase in income tax benefits under Section 80C on Budget 2020 day, they might get some other good news in the form of deduction on contribution to National Pension Scheme.

Home Loan Tax Rebate: 4 income tax benefits that home loan borrowers shouldn't miss to claim during ‏ITR filing

Home Loan Tax Rebate: 4 income tax benefits that home loan borrowers shouldn't miss to claim during ‏ITR filing

Thu, Jan 30, 2020

Home Loan Benefit: A home loan borrower must know the income tax rebate available under Section 80C, Section 24b and Section 80EEA.

Budget 2020 Expectations: Real estate developers demand measures to uplift market sentiment

Budget 2020 Expectations: Real estate developers demand measures to uplift market sentiment

Thu, Jan 30, 2020

Budget 2020: Real Estate developers have said that deduction on principal repayment of housing loan up to Rs 5 lakh should be considered for exemption.

Budget 2020: Create 5 income tax slabs, impose 10% tax rate on income up to Rs 10 lakhs, say experts

Budget 2020: Create 5 income tax slabs, impose 10% tax rate on income up to Rs 10 lakhs, say experts

Tue, Jan 28, 2020

Budget 2020 Expectation: Call for reduction of income tax on income up to Rs 10 lakh; this could give a boost to consumption and kickstart economy, experts say

Budget 2020 and Income Tax: Here is what experts want from FM Sitharaman

Budget 2020 and Income Tax: Here is what experts want from FM Sitharaman

Tue, Jan 28, 2020

Budget 2020: Removal of LTCG Tax and increase in Section 80C limit would do the needful, says income tax experts.

Budget 2020: More income tax exemptions? How Modi government can rejig Section 80C

Budget 2020: More income tax exemptions? How Modi government can rejig Section 80C

Mon, Jan 27, 2020

Budget 2020: We are less than a week away from Union Budget 2020 and most salaried employees would be hoping for the Modi government to provide relief by announcing a change in the income tax benefits extended under Section 80C.

Budget 2020: Demand grows for full income tax rebate on Senior Citizen Savings Scheme

Budget 2020: Demand grows for full income tax rebate on Senior Citizen Savings Scheme

Fri, Jan 24, 2020

Budget 2020: Senior citizens are expecting from Nirmala Sitharaman to announce a full tax rebate on Senior Citizen Saving Scheme.

How to save income tax: Critical part of your financial planning? This is what you must do

How to save income tax: Critical part of your financial planning? This is what you must do

Fri, Jan 24, 2020

Your tax liability could be a substantial part of the money outgo and could be crucial in determining your net worth.

Income tax cut will boost economy; rules need to be relaxed to win investors' trust, says this expert

Income tax cut will boost economy; rules need to be relaxed to win investors' trust, says this expert

Wed, Jan 22, 2020

Expectations of income tax relief from the government in the Budget 2020 along with relief in longterm capital gains tax. The government also needs to simplify investment rules, Deena Mehta says

Budget 2020: SBI demands income tax incentive for salaried class, hike in Section 80C from Nirmala Sitharaman

Budget 2020: SBI demands income tax incentive for salaried class, hike in Section 80C from Nirmala Sitharaman

Sat, Jan 18, 2020

Budget 2020: SBI has demanded from the Finance Minister Nirmala Sitharaman to incentivise savings for the salaried class with a hike in Section 80C.

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