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Explained: Smart tax savings options for senior citizens
If investments are well-planned, one can enjoy the tax-free income up to Rs 5 lakh.
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Tax compliance points self-employed citizens should know
Income of a self-employed individual can be calculated on presumptive basis under section 44ADA of IT Act.
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How is form 15H beneficial for senior citizens?
A senior citizen taxpayer can file a declaration to ensure that TDS is not deducted from their deposit interest income
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Understand tax impact while taking loan from employer
Employer-provided concessionary loans have tax implications as a perquisite
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Understanding Form 16
Form 16 is a certificate in which your employer certifies the amount of salary you earned throughout the year and the amount of TDS deducted
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Explainer | Income Tax: New vs old regime
The basic exemption limit of income tax is for an income of 2.5 lakh, which means no tax is cut if you are earning up to Rs 2.5 lakh.
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Know if you are eligible for tax refund
Taxpayers may claim a refund on their income tax if their tax liability is less than the total of their withholding taxes and estimated taxes paid
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This SBI account allows withdrawal from term deposit without penalty
SBI's multi-option deposit account is the only one in the market to allow this facility of liquidity in fixed deposits
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Debt funds vs Fixed Deposits: Check out tax efficiency
While safety holds supreme to conservative investors, taxes matter too. Consider post-tax returns when you are comparing two investment options
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Link Aadhaar with your PAN to save double tax on dividends
Several individuals including avoid filing income tax returns as they do not want to declare their earnings from various sources
