Tax optimiser: How salaried Pandit can cut tax by 80% by rejigging salary, opting for NPS
Pandit’s tax can be reduced by more than 80% if salary is rejigged to include tax-free perks, he opts for the NPS benefit offered by his company.
How to fill the new details required in ITR-1
Unlike last year, this year's form requires taxpayers to provide break-up of their salary incom...
Tax Optimiser: How salaried Raj can save tax by paying rent to his father
Vivek Raj has a fairly tax-friendly salary structure but still pays...
7 tax changes that will impact your money from FY 2018-19 onwards
A new financial year may not call for resolutions and lifestyle changes, but your financial life will undergo a quite a few alterations in 2018-19.
Tax Optimizer: How salaried Sekhar can reduce tax by Rs 80,000 through HRA exemption
Taxspanner estimates that tax can be reduced by over Rs 80,000 if he claims HRA exemption on rent paid to his father and avails the tax benefit on NPS.
Centre rules out relook at proposal on long-term capital gains tax
The LTCG tax is seen as a major exercise to raise resources and a move towards bringing stocks and equity mutual funds on a par with property.
Recap of what the taxpayer got from Budget 2017
People are thinking of everything from a hike in exemption limits, to return to standard deduction and a introduction of long-term capital gains tax on equity.
How you can save your salary from the taxman post Budget 2018
Your income is taxed under five broad heads. Various tax sops, be it for your salary perks or investments that you make, help reduce your tax outgo.
Budget 2019: How income tax slabs have changed over the years and the way forward
Here is a look at how the country's income tax structure has evolved over the last 70 years.
Budget 2017: Rate for lowest income tax slab slashed to 5% from 10%, surcharge of 10% on income above Rs 50 lakh
An individual's tax is calculated according to the income tax slabs announced by the government every year in the Budget.
Budget 2018: Tax exemption limit may be raised from Rs 2.5 lakh to Rs 3 lakh
The proposals before the ministry is to hike the tax exemption limit from the existing Rs 2.5 lakh per annum to at least Rs 3 lakh if not 5 lakh.
Rented out your house? Here's how to calculate income from house property for tax purpose
If you own more than one house, then as per existing income tax laws you are required to pay tax on it. Here's how you can calculate income from it.
What are the tax exemption limits for allowances, reimbursements paid to employees? Find out
The limit determines how much of these allowances/reimbursements are taxable with the conditions attached for claiming tax exemption.
How to calculate 'income from house property' for income tax purposes
A person's gross total income chargeable to tax various heads and one of these heads of income is 'Income from House Property'.
How tax laws have changed over the years
Did you know these tax facts? Now that Budget 2017 is behind us, here’s a look at how some taxation rules have changed and evolved over the years.
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