Income Tax Filing: These 3 incomes are not deductible under section 80C

There is an unknown general rule of the income tax act 1961 which disallows you to claim deductions. In this article, we will make you understand everything about it.

Budget 2023: These income tax sops for middle class under consideration by Nirmala Sitharaman's finance ministry

The finance ministry is looking into proposals sent by various government departments on specific steps which may be announced in the Budget, benefitting a large section of the middle class, sources said.

Income Tax Filing: Why do you need to submit investment proofs in last quarter of FY, explained

It is important to submit the investment proofs in the last quarter of the FY to avoid TDS deduction from salary. One can also claim the income tax refund at the time of filing their ITR if they miss submitting the investment proofs. Read further to know more

Income Tax: Donating to charity? Here's how much tax you can save under section 80G

The Income Tax Department allows scope for deductions not only on income earned but also on the donations made. Taxpayers participating in philanthropic activities can avail of tax deductions subject to certain conditions.

Income Tax Planning: 5 tax-saving options other than Section 80C

Taxpayers can avail tax deductions under Sections 80C, 80D, 80E and 80GG for investments such as life insurance premiums, medical expenses, rent payments, home loan payments and education loan payments.

Income Tax: 5 reasons why you should plan your taxes at the beginning of the year

Planning your tax-saving investments in advance will not only help you save on taxes but also relieve you of the last-minute hassle. Doing so at the beginning of the year will provide myriad benefits, including better returns and more time for the investments to mature. Read further to know more 

Budget 2022-23: Here's how the tax you pay was used in FY23

It is important to know for every taxpayer how taxes they pay are being managed and how each rupee is being spent.

Income Tax: These 3 sections of insurance should be prioritised while tax planning

Getting protected financially in both ways, against uncertainties and tax, is the very first thing we look for before investing. In this article, we will explain how insurances help you in saving tax.

Income Tax: Section 80TTB deductions and eligibility for senior citizens, explained

Section 80TTB of the Income Tax Act provides tax deductions to senior citizens on income earned from interest on deposits held with banks, post offices and cooperative societies. It allows a deduction of up to  <span class='webrupee'>₹</span>50,000 from the total income of such individuals.

Income tax filing: How to save tax on house rent allowance; all you need to know

Government allows you various deductions and exemptions on the payment of certain expenses. In this article, we will talk about saving tax on rent payments.

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Income Tax Filing: These 3 incomes are not deductible under section 80C

personal finance

personal finance

personal finance