The budget has proposed to amend the Section 10(10D) to restrict the exemption in respect of ULIPs for those ULIP policies where the annual premium payable in respect of such policy does not exceed Rs 2.50 lakh during the pre
Since we do not have a social security system in our country, why should the government discourage anyone from contributing a higher amount towards his retirement fund?
Presently only the Central Government employees are allowed to claim deduction under Section 80C for contribution made towards the Tier II account of NPS with a lock in of three years.
Those who wish to take the benefit of first mover advantage and do not wish to take the risks involved of investing in sectorial funds can invest in the business cycle funds.
This is the time of the year when a majority of us make some resolutions as regards our physical fitness but only a few make resolutions for remaining financially fit.
Form ITR 1, popularly known as Sahaj, is used by a majority of tax payers for filing their income tax return. Here is a look at who can file this form and who can't.
EPF is an excellent tool for salaried to accumulate funds for their retirement. Let us discuss the income tax implications of EPF contributions and withdrawals.
Under the scheme announced, the Central government employees are allowed to get cash in lieu of their entitlement for leave and LTA both whereas other employees can claim LTA only, on satisfaction of certain conditions.
Even though the idea of investing on the ESG parameter is at a nascent stage in India, it is very likely to catch up soon due to increasing awareness about such important aspects.
In case your lender is charging you a higher interest rate on your home loan than what others are offering in the market, it always makes sense for you to either shift to another lender or to evaluate the possibility of getti
You can open an NPS account online by visiting the website of either NSDL or Karvy. There are the two routes through which you can register yourself for an NPS account.
Though tax benefits for contribution to the Tier I NPS account are available to all subscribers, tax benefits in respect of the Tier II account are available only to the Central government employees with three years lock-in p
In the series of tax reforms, the Prime Minister recently announced some reformative measures during the launch of 'Transparent Taxation - Honouring the Honest' platform. Let us discuss some of them.
The income tax laws in India have various restrictions on payment in cash and receipt of money in cash in respect of various transactions. Here we are taking a look at some of them.
Many people are not aware that they have to pay tax in respect of profits made on sale of a residential house. In certain circumstances, you can save these taxes.
Since the deposits under SCSS earn you higher returns than those generally available under other comparable safe investment avenues, it should be the first choice of senior citizens who want risk-free returns on their investm
Since the Government of India does not run any social security scheme to take care of its citizens after retirement, NPS was introduced by it under which you can contribute money in order to accumulate funds for your retireme
After discontinuing its 7.75% fixed interest rate bonds on the 28th May 2020, the RBI has come out with its new “floating rate savings bonds” on 26th June 2020, which will be available from 1st July 2020.
Before you actually sit down to file your income tax return (ITR) for FY2019-20 or AY 2020-21, there are certain tasks which you need to complete beforehand.
A new Form 26AS has been introduced by the Income Tax Department, which will have far more details than the earlier form. Let us discuss what new information will be made available to you under the new 26AS Form and why it is