\"One can claim HRA exemption and interest deduction on a housing loan simultaneously if one satisfies all of the conditions for claiming so,\" says Kapil Rana, Founder & Chairman, HostBooks Ltd. Let us understand the conditions that will allow you to claim both the tax benefits together

You can save taxes either by investing in government-notified products or by claiming exemptions on certain type of expenses. The lowdown

If you are a Dream11 team player you must know the money you win is not entirely yours. The prize money is your income from other sources that will attract taxes just like your primary income. Prize money in Kaun Banega Crorepati is also taxed

As per a survey conducted by Nielsen for PGIM Mutual Fund, 51 per cent of Indians do not have a retirement plan ready and barely one in five takes inflation into account while planning for retirement

The deadline for filing income tax returns (ITR) for financial year 2018-19 has been extended by two months till November 30

Scheme is voluntary and taxpayers with income up to over Rs 10 lakh may be incentivised for supporting a poor family with Rs 5,000 per month; govt can incentivise taxpayers with around Rs 50,000 tax deduction apart from exemption offered under 80C

I-T filing 2019-20: Since the current tax filing involves the income earned during the financial year 2019-20, you must check all deductions allowed in that financial year

You may consider taking on debt due to low interest rates, even in these uncertain times. The question is how much and in what ways

Picking the right ITR form is critical for filing hassle-free income tax returns

In terms of tax benefits, there are not any exclusive schemes for women. Any individual can claim up to Rs 2 lakh as a tax deduction for interest paid on a home loan. In respect of principal repayment, an individual can claim a deduction up to Rs 1.5 lakh on a self occupied property

FM Sitharaman on her part has put forth the suggestions but the discretion lies with states and private organisations. At least some of them are expected to offer similar benefits

Unlike other schemes, you are not allowed to withdraw the entire amount accumulated in your NPS account on your retirement

\"The biggest concerns of the business owners of micro and small enterprises are payment of bonus and cash advances to staff during the ensuing festival seasons,\" says KE Raghunathan, Convenor of Consortium of Indian Associations

This year (AY 2020-21) the date has been extended up to November 30, 2020 from July 31, 2020 due to coronavirus pandemic

A division bench of justices' TS Sivagnanam and V Bhavani Subbaroyan recorded the submissions made by the IT department and issued notice to the music composer

Buying a term plan takes a lot of burden off your shoulders and empowers you to live a stress-free life; whether it's your child's higher education or your parents' medical bills, a good term insurance plan will take care of it all in times of need

Debt investors need to tread carefully in the fixed income market as the balance sheets of the two biggest issuers - the government and corporate sector - are not in the pink of health

India Stock Market Highlights Today: IndusInd Bank, followed by HDFC twins, SBI, M&M, ICICI Bank, Axis Bank, ITC and Asian Paints were among the top gainers in the Sensex pack. On the other hand, Bajaj Auto, Bajaj Finance, HUL and NTPC were among the laggards

It should be noted, first, that a taxpayer needs to mandatorily link Aadhaar with PAN for the AY 2019-20 on or before the filing of income tax returns

Senior citizens have been hit hardest by record low interest rates since that is their main source of regular income during retirement years. There are also very few health insurance plans available above 65, and those that are there come with high premiums. Heres How they can tide over this crisis