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Can you claim HRA against your parents' rented house?
In order to claim tax exemption, you must occupy the house and also pay the rentals for the same
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Sources beyond PF, PPF, NPS that are tax exempted
Gifts received and loans (with or without interest) from relatives in the form of money, jewellery, property, vehicle, etc. are tax-free
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Voluntary retirement or retrenchment, your compensation is taxable but with some exemptions
If an employee has been retrenched by the employer and in lieu of that he is paid retrenchment compensation, it shall also be exempt up to Rs. 5,00,00
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Changes in I-T rules that you need to know
From April 1, interest on EPF exceeding the limit of Rs 2.5 lakh in any year will be taxable during withdrawal
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ELSS: Here’s all you need to know
ELSS funds primarily invest in shares
