Can I shift money from non-ELSS funds to ELSS funds to claim tax deduction?
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Tax optimiser: NPS, LTA claim can help salaried Gupta cut tax by Rs 4 lakh
Not only should you ask your employer for the NPS benefit, but you...
Tax optimiser: IT professional Halder needs to use Sec 80C limit fully, opt for NPS
A big tax break will come your way if you opt for the NPS...
Tax optimiser: Salaried Kumar can save over Rs 68,000 in tax via NPS, perks
Not only should you ask your employer for the NPS benefit, but you should also invest in the scheme on your own. You can reduce your tax outgo significantly. Hence in this way, you can optimise your tax by rejigging your income and investments.
Does pension from EPFO qualify for standard deduction?
"The pension received from EPFO is taxable under the head salary and it will qualify for the standard deduction. "
You can get credit for TDS deducted on cash withdrawals of over Rs 1 crore from bank account
Claiming credit for this TDS would allow them to set it off against their total tax liability for the relevant financial year.
Can you claim refund on tax deducted on FD in the name of your children?
As per the Income-tax Act, the income of minor child shall be included in the income of the parent whose total income after including minor’s income is greater.
Tax deductions that can be availed for reconstructing a house
"Demolishing a house and building a new one on the same plot is considered the reconstruction of the house."
TDS on salary: How it is calculated and deducted
Confused about how TDS is deducted from your salary? Here's everything you need to know about it.
Can you claim deduction under section 80C for PPF contribution made into your major son's account?
According to current income tax laws, investment under section 80C allows a deduction up to Rs 1.5 lakh in a financial year.
MCA panel moots CSR expenditure as tax-deductible
The committee has underlined that the CSR spending should be a board-driven process to provide innovative technology-based solutions for social problems.
How can I avail tax break on interest income earned on RD, monthly income schemes and NSC?
Under Section 80TTA, you can claim a deduction of up to Rs 10,000 on savings bank/post office deposits. Interest earned on post office RD and NSC is eligible for exemption under Section 80C within the overall limit of Rs 1.5 lakh in the years.
From Sept 1, individuals must deduct TDS on payments to contractors, professionals: Know all about it
The rate at which the tax has to be deducted is 5% unless the payee has obtained a lower withholding tax certificate from the department.
Prosecution norms eased for TDS, ITR filing defaults
CBDT has relaxed some norms relating to prosecution of income tax defaulters for delay in depositing TDS, under-reporting of income in the tax return or non-filing of I-T return.
Can I claim standard deduction from pension received from EPFO?
"The standard deduction of up to Rs 50,000 is available for income from salary. "
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