If you have been a part of a recognised PF for five years or more, the amount withdrawn will be exempt from tax.

The new income tax return forms are more user-friendly than the earlier Saral. We explain the form and key new sections.

A growing number of taxpayers are finding that certified tax return preparers can help make filing tax returns less of an error-filled chore.

Filed your returns? Now worry over refunds, possible errors, or worst of all—notices. Money Today tells you some of the most common kinds of trouble that can happen after you file your return and how to handle them.

Central Board of Direct Taxes (CBDT) Chairman Ratneshwar Prasad tells Money Today why honest taxpayers should not fear the taxman and what is being done to improve services and compliance.

You don’t have to get your chartered accountant’s help for this—there are ready-to-use software packages that will do everything short of actually filing your return of income.There are also plenty of tax calculators online that will give you at least a rough idea of your tax liability.

The deductions under various sections can reduce your income tax substantially. Find out what are the tax deductions available and how you can avail them.

Did you know that tax on interest earned on FDs and NSCs during the year is payable every year, even though you get it on maturity? Read on to know more.

If you don't know the difference between your salary income and your taxable income. In the strange world of taxation, it’s common to see assessees filling in reams of paper almost without knowing their A, B, C. Here’s our pick of a few essential tax concepts.

Tax saving has evolved into tax planning. Learn how it changes your entire investment strategy. We guide you on smart ways to manage your tax in 2008.

2007 proved to be the year of the investor, yet again. That’s three money-making years in a row. To give the pessimists their due, it did seem that the law of averages would catch up with the Indian investment scene.

What is the penalty for late filing of tax return?

The process of filing returns is painful. But online options promise to change things.

Better categorisation of entries in separate sections, option of e-filing, easy language and detailed explanations about how to fill each section should make filing of tax return easier.

The amount withdrawn does not attract income tax if you are a member of a recognised provident fund.

If small is beautiful, taxpayers can say goodbye to Saral forms. The new income tax return forms are substantially lengthier than various Saral variants used till now.

The Saral was an omnibus form to be used by all taxpayers with all types of taxable income.  The single-page form is the outgoing Saral and the multi-page variants are the new income tax return (ITR) forms.

We take a look at all your tax-related queries and try to offer the best possible solution.

An employer is required by the law to deduct tax on the payment he makes to compensate a previous employer for not serving the notice period.

You can't claim a deduction of more than Rs 1 lakh by contributing to a pension plan.