Know your salary components and maximise your take-home

Your salary package comprises various components such as basic salary, allowances towards…

Maturity proceeds and returns from investment in PPF

The Public Provident Fund (PPF) is one of the popular small savings…

Parliament passes bill to ban unregulated deposits scheme

A bill to protect the interests of depositors subscribing to various unregulated…

Documents Required for Filing an Income Tax Return

The tax filing season is here, and taxpayers are due to file…

Things you should know about filing tax returns this season

The tax filing season has begun. Taxpayers are required to file their…

Form 15H can be furnished by senior citizens

A senior citizen over 60 years of age can now furnish Form…

Taxman may prosecute for delayed payment of TDS

Tax deductors are obliged to deduct tax at source on a variety…

Inheritance tax under the new Direct Tax Code – a possibility?

The current income tax law (Income Tax Act, 1961) is due for…

Incomes from equity investments – ascertain their income-tax impact

Equity investments are characterised by high risk and high return. Statistics have…

New format for salary TDS notified by CBDT

The Central Board of Direct Taxes (CBDT) has notified amendments in the…