Tax Deduction for Government Subscribers to Tier-2 NPS Accounts

The government recently notified Tier-2 NPS accounts as a tax-saving tool for…

Tax Query: What is the tax deduction available on interest on house loan for repairs?

I got my house repaired and took a bank loan for funding…

Taxpayers with self-assessment tax due should pay by 31 July 2020

For the AY 2020-21 (FY 2019-20), the government extended the tax return…

Tax Query: What are the tax implications of investing in ELSS?

I invest in ELSS (Equity-Linked Savings Scheme) of mutual funds to claim…

New stamp duty rates on the transfer of shares and mutual funds

With effect from 1 July 2020, the government implements changes in stamp…

IT rules specify allowances for employees choosing new tax regime

The new tax regime is effective from FY 2020-21. Employees choosing the…
TDS return

Tax Query: Are rental payments liable to tax deduction at source (TDS)?

I am salaried, and I pay rent of Rs 35,000 per month…

Government approves 2% interest subsidy on Shishu loans

As part of the COVID-19 relief measures, small borrowers holding Shishu loan…

Tax Query: How are the flexi pay components in my salary taxed?

My annual CTC package includes specific flexi pay components, apart from the…

Loan Moratorium: SC Adjourns Hearing on the Interest Charged on Deferred Interest

The Reserve Bank of India (RBI) announced a moratorium or deferment on…