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 allowance...
How to calculate 'income from house property' for income tax purposes
A person's gross total income chargeable to tax various heads and one o...
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.
Salaried Khanna can cut tax outgo by 90% by investing more in tax saving instruments
He is young and ELSS (tax-saving) funds are the best tax saving option for him. He should invest Rs 60,000 in tax-saving mutual funds.
Claiming home loan interest tax break on rented house? Budget 2017 has bad news for you
The budget proposes to restrict the loss on house property that can be deducted from 'other heads of income' such as 'salary income' to Rs 2 lakh only, says EY.
Budget 2017 is a mix of tax breaks and tax hits: Find out whether you benefit or lose
Changes in tax rules for home loans and the surcharge on incomes over Rs 50 lakh mean some taxpayers will pay a higher tax next year.
How to pay less income tax post Budget 2017 and beyond
Nothing in this world is certain except for death and taxes, a saying goes. However, you can soften the blow from the latter, completely legally.
Budget 2017: Wishes and Horses
Like every year, this time too various sections have their own wish list for the Finance Minister
Salaried Sreenivasan can cut tax outgo by taking home loan, medical insurance
Taxspanner estimates that Sreenivasan can bring down tax if his employer offers him NPS benefit and he takes a home loan and buys medical insurance.
How home loan, NPS can help cut salaried Agarwal's tax outgo
Sudhir Kaushik of Taxspanner.com advises readers on how to restructure their income, investments and expenses to optimise their tax.
Experts' suggestions on how Budget 2017 can cut your direct tax burden
Here are suggestions from some experts on how the coming budget can help reduce the direct tax burden on the common man and also make tax compliance easier.
How to compute your total taxable income
In order to file your I-T return you first need to collect the information required to file it. The next step is to compute your total taxable income.
Budget 2016: 6 ways to pay less tax, legally
HRA gives you a bigger break than a company flat? This is designed to help you understand the key tax proposals of the Budget and minimize the pinch.
How Shah can go from high tax to zero tax
Taxspanner.com estimates that Shah can reduce his tax to zero by claiming some exemptions, rejigging his pay structure and investing more.
Copyright © 2020 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service