Thu, Jul 25, 2024
ITR Filing, Income Tax Season: Nil ITR: The last date for filing income tax return (ITR filing) is July 31, 2024.
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Wed, Jul 17, 2024
It has requested the government to reconsider the short-term capital gains tax imposed last year on debt-oriented mutual funds with equity exposure of up to 35 per cent.
Mon, Jun 24, 2024
Tax Saving Tips: Discover lesser-known tax-saving opportunities with these tips on investments and expenses, ranging from pre-nursery fees to health insurance and medical expenses for parents, which may help you maximise your income tax savings effectively.
Fri, Feb 16, 2024
Discover the smart way to safeguard your parents' health while unlocking tax benefits! In this episode, I break down the steps to purchase health insurance tailored for your parents. Learn how to navigate online options, make the right choices, and maximise tax deductions under Section 80D of the Income Tax Act. It's an investment in their well-being and your financial peace of mind. Watch to ensure your loved ones are covered, and you enjoy tax savings simultaneously.
Thu, Aug 24, 2023
The National Pension Scheme is a voluntary pension plan and employees from both public and private sectors can invest in this scheme for retirement benefits. Any individual in the age groups of 18 to 60 years can open an account under NPS to build a retirement corpus.
Sat, Aug 05, 2023
Learn how to leverage different types of loans for maximum tax benefits in your financial planning. Discover the tax advantages of home loans, education loans, and business loans, and find out how personal and car loans can also offer some tax benefits.
Fri, Jul 14, 2023
Understanding how income from house property is taxed is crucial for managing personal finances. This comprehensive guide explains the classification of house property, calculating income, tax deductions on home loans, and more.
Fri, Mar 24, 2023
The central government has made changes in the taxation of debt mutual funds today. Now the biggest question is, which Mutual Fund Schemes will it impact? However, only those debt mutual funds will lose this benefit where equity investments in such mutual funds do not exceed 35%, and the investor has to pay tax at his slab rate. What does it mean for Debt Mutual Fund? Is Debt Fund still better than FD? The new rules will be applicable from 1 April. Today on Money Guru, know what should be your strategy in Debt Mutual Fund before and after April 1?
Tue, Feb 21, 2023
Income Tax: There are certain things that are not considered investments, as you will have to do it in any case, but can certainly claim tax deductions on them.
Sat, Jun 18, 2022
What is Income Tax Section 80E: Individuals availing education loans for self, children, spouse, or children under guardianship are eligible to claim tax deductions under Section 80E of the Income Tax Act. This deduction is available on the interest component of the loan and has no upper limit. However, the deduction is available for only eight years from the day of the commencement of EMIs. Therefore, borrowers should try to repay their loan within 8 years to maximise tax benefits.
Sat, Jan 11, 2020
While there are many investment instruments that can give you great tax-saving options, we pick the top five for you
Mon, Jul 22, 2019
LIC policy: Among major highlights of this plan is that, premium begins at a cheap Rs 341 a month, with guaranteed return starting from Rs 1 lakh.
Sun, Jul 21, 2019
The tax benefits are given in the form of standard deductions and various investments.
Wed, Jun 05, 2019
The Income Tax department does allow reliefs to salaried individuals who are paying tuition fees for their children.
Mon, Jun 03, 2019
According to the Income-Tax department, a senior citizen is defined as someone whose age is 60 years but less than 80 years during the respective year.
Tue, Feb 05, 2019
In this segment of Money Guru, know the tax benefits you got after budget. Watch the video to know more.
Tue, Nov 27, 2018
To make tax compliance easier, the Income Tax Department has broken down taxpayers in various groups based on their income and source.
Wed, Jul 25, 2018
Income tax returns filing: Many banks are currently providing home loan interest rates in the range of 8.30% to 12% for various categories.
Fri, Mar 30, 2018
Income tax returns (ITR) filing: We as individual also have few task related to your finances that needs to be taken care before March 31, in order to avoid last minute error.
Thu, Mar 01, 2018
Income Tax Returns (ITR) filing: In case you have purchased a residential property on loan, but you live in another home which you pay rent for, you can claim available tax benefit for HRA as well as against the Home Loan. The condition however, is that both rented and owned property should be in different cities.
Mon, Feb 19, 2018
A tax-payer who has taken benefit under Section 80TTB cannot take tax benefit under Section 80TTA, because benefits under Section 80TTB and Section 80TTA are exclusive.
Wed, Nov 22, 2017
Here are some tax saving options brought to you by tax consultancy ClearTax.
Tue, Sep 19, 2017
Tax planning is an art to reduce your tax outgo by making sure that all the applicable provisions of our income tax act as designed to reduce your tax liability has been availed of.
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