If you fail to file your tax return by the stroke of midnight, you might have to face IT Department enquiry and later pay penalty and interest on the
If you are non-ITR filer, and your overall cash withdrawal exceeds Rs 20 lakh, but is less than Rs 1 crore in a given financial year, 2% TDS will be d
Of the total refunds, income tax refunds of Rs 79,483 crore have been issued in 2,21,92,812 cases
When we rush to save tax in March, we tend to buy products which don't give great returns; some of the investments we make may not be ideal
Contrary to the common belief, it is absolutely fine to pay tax and not run behind making random investments in order to save a little here and there
If you have given the house on rent, you can offset the rental income with the interest on borrowed capital
Of this, personal income tax refunds of Rs 73,607 crore have been issued to over 2.06 crore taxpayers
Tax deductions available against contributions made towards National Pension Scheme (NPS) or the Atal Pension Yojana (APY) fall under Section 80CCD
Effectively, individuals can maximise tax benefit under section 80D to a total of Rs 75,000
You can claim tax deduction on investments up to Rs 1.5 lakh in avenues specified under section 80C of the Income Tax Act