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When you begin your career, be adventurous in your choice of tax-saving instruments — focus on ELSS and equity-based Ulips.
The tax-saving laws became simpler decades ago, and with e-filing, you no longer have to take a day's leave from work to submit your return.
Anyone who works with the same company for more than five years is eligible to receive gratuity.
Entire STT payment will be treated as expenditure against the income from trading of shares.
Yes, Section 24(b) of the Income Tax Act allows deduction of interest due on home loan from the head 'Income from house property'.
Any interest earned from saving is taxable. The interest income is to be added to your total income while computing your tax liability.
Money received through a claim under a medical policy is a reimbursement of expenditure, it is not taxable.
Apart from income tax, myriad other taxes eat away at your salary on a daily basis. We take a look at these silent decimators.
You are entitled to two types of deductions. One, on repayment of the principal amount, and the other on the interest paid on the loan.
You need to file return on your actual income, including income from other sources.
Yes, you can avail tax deduction for payment of rent subject to certain conditions. Read on to know the complete answer.
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