Failed to Submit Investment Proofs Within the Deadline? Here’s What Happens

The time to submit relevant investment proofs to avail deductions and reduce…

Tax-Saving Strategy: A Note on Allowances to Claim Deductions

A salaried individual–especially those who fall under the higher tax slab bracket–can…

Changes You Can Expect on Old and New Tax Regimes in Budget 2021

The upcoming Budget announcement is expected to implement an income tax relief…

7 ways to save taxes without making new investments

The season of saving your income taxes will be gone soon! It’s…

Budget 2020: What the Personal Finance Sector Can Expect from FM

With the much anticipated Union Budget 2020-2021 to be presented by the…

Take a look at your options for tax planning and tax-saving

Taxpayers like to invest, earn and save taxes at the same time.…

Know your salary components and maximise your take-home

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

Difference between a tax rebate and tax exemption

As a responsible citizen of the country, you must pay your income…

Complete salary break-up asked in new ITR-2 return form

The Income Tax Department (ITD) has recently released ITR 2 excel utility…