Mon, Aug 12, 2024
Retirement Planning: EPF offers an 8.25 per cent annual compound interest rate to its subscribers. Deposits up to Rs 1.50 lakh in a financial year under Section 80C of the Income Tax Act, the interest earned, and the maturity amount are tax free under the scheme.
More >
Wed, Jul 24, 2024
What is good in this budget from the point of view of FIIs? Have the expectations of India's rating upgrade increased? Watch a special conversation with Morgan Stanley's Ridham Desai
PPF vs VPF: One can contribute up to a maximum of 12 per cent of their basic salary and dearness allowance (DA) in EPF. If one wants to contribute beyond that limit, it can be done through Voluntary Provident Fund (VPF). PPF, on the other hand, has a lock-in period of 15 years, which can be extended for further blocks of five years.
Fri, Jul 26, 2019
Income Tax savings: ITD under Section 80D allows an income taxpayer to avail tax exemption up to the limit of Rs 50,000.
Mon, Jul 15, 2019
Under the Section 80D of the Income Tax Act, an investor who pays income tax is eligible for tax exemption for his or her investment of up to Rs 25,000 on family mediclaim.
Fri, Jul 12, 2019
Under the Income Tax Act Section 80D, one can claim tax exemption up to Rs 75,000 on individual mediclaim premium payments.
Thu, Jul 11, 2019
Income Tax Act has various sections that help an income tax payee to avail tax exemptions by investing in certain schemes.
Tue, Jul 02, 2019
The rise in tax deduction under Section 80(C), rise in home loan interest deduction under Section 24, rise in the ceiling for ESIC contribution are some common demands of the common man from budget 2019.
Tue, Jun 25, 2019
Among many advantages of Sukanya Samridhi Yojana is that, a parent has to make a little investment per month in this scheme, earn hefty interest rates.
Fri, Jun 14, 2019
Section 80C is not the only thing that income tax payers should be looking at. In fact, many are eyeing tax relief for bond investment like the one under Section 80CCF.
Wed, Jun 05, 2019
The Income Tax department does allow reliefs to salaried individuals who are paying tuition fees for their children.
Tue, Mar 26, 2019
Income Tax return (ITR) filing: The fiscal is set to end and a new one starts on April 1, 2019. Taxpayers cannot invest after 31st March, 2019. In fact, only one week left for investments to be by salaried employees under Section 80C, Section 80D. So, if you do not want to lose money, start investing now! Also, do not forget to keep your investment detail receipts safe.
Wed, Mar 13, 2019
Save Income Tax through SBI Saving Scheme: Financial Year 2018-19 is about to end in a few days and, as an Income Tax payer, it's high time you filed your investments so that good amounts of your hard-earned money can be saved in your bank account.
Fri, Feb 01, 2019
Budget 2019: Every month you have to chalk down an expense, in regards to repayment of home loans in the form of EMIs which includes a portion of principal amount and banks interest rates. Of course, you get an income tax return benefit from this.
Thu, Jan 17, 2019
Currently, a person is allowed to only get tax claim of Rs 1.5 lakh under section 80C of Income Tax Act.
Thu, Sep 20, 2018
Gift received from a relative (including brother) is not liable to tax. Hence, you can receive the gift money in your bank account and you would not be required to pay tax thereon.
Mon, Feb 19, 2018
A tax-payer who has taken benefit under Section 80TTB cannot take tax benefit under Section 80TTA, because benefits under Section 80TTB and Section 80TTA are exclusive.
Tue, Feb 13, 2018
f you fulfill the bank's criteria, your home loan process moves towards the next step. The real difficulty arises when you fall short of certain eligibility.
Wed, Jan 31, 2018
In case you have paid excess taxes, have invested in LIC, PPF, Mediclaim, incurred towards tuition fees etc., you can file your ITR and can get refund.
Wed, Jan 24, 2018
It is expected that the government may increase the income tax exemption limit to Rs 3 lakh from currently Rs 2.5 lakh.
Since this year's Budget is the last full one for the government ahead of the general elections in 2019, experts believe a favourable revisioning in income tax slabs, relaxation in Section 80C limit and a push in medical insurance for senior citizens and others is required.
Wed, Jan 10, 2018
Under IT Act, Section 80G is available for contributions made to certain relief funds and charitable institutions.
Tue, Nov 21, 2017
If you are planning to claim tax benefits, start investing in the first quarter of a financial year so that you can spread your investments over the years.
By accepting cookies, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts.
