
With the Modi government’s recent move aimed at removing Income Tax deductions and exemptions gradually, many people — particularly the…
To avail additional tax benefits up to Rs 50,000 on voluntary contribution to NPS Tier 1 Account – over and…
New Income Tax Regime Deduction under Section 80 JJAA: The total amount of deduction available to an assessee under Section…
The EPF balance may still remain tax-free in the hands of the employee even if the service is less than…
Returns on tax-free bonds are not only higher than those on bank FDs, they also do not attract any taxes.…
Income Tax Rules 2020: People failing to link their PAN with Aadhaar will be able to so even after March…
In the new tax system, you may also want to go for mutual fund schemes apart from fixed income instruments…
Income Tax new slabs: On the removal of all exemptions, she said that the government has not made up its…
Prospective home buyers may face dilemma in deciding if it would be a financially prudent decision to buy a property…
The tax benefits on HRA are great relief to salaried people who stay on rented accommodation as in certain cases…
While the objective of the New Tax Regime is to drive higher consumption by increasing the disposable income in the…
In order to reduce litigation in indirect taxes, Finance Minister Nirmala Sitharaman in her Budget Speech on 1 February 2020…
The expenses that are reimbursed include only traveling expenses and other expenses such as food, shopping, lodging, etc. are not…
TCS on Foreign Travel, Tour Packages, Remittance Rules 2020: The new provisions regarding TCS on overseas tour packages requires that a…
Budget 2020: Given the cash crunch, ESOPs are often used by start-ups to employ and retain highly-talented employees. This way…
ITR Filing Due Date 2020: Section 139 of the Income Tax Act provides various provisions for filing tax returns.
New Tax Comparison Calculator: The new tax regime as proposed in Budget 2020 will make taxpayers compare tax outgo under…
Scores of salaried persons not only show rent paid to parents, but even to spouse with no or lower income,…