Both EPF and PPF are government-guaranteed savings instruments for the salaried and the self-employed
Gross collection of direct taxes for this fiscal stood at Rs 2.16 lakh crore, versus Rs 1.37 lakh crore in corresponding period of last year
The interest earned on a FD is fully taxable. It is considered a part of total income and taxed as per the applicable tax slabs
Filing of Form 15G and 15H can ensure that no tax is deducted at source by the banks on the interest paid on fixed deposits
Roiled by falling rates of savings schemes, citizens are looking beyond them now but majority are still dependent on returns generated by the schemes
If a person is below 60 years of age and his annual income is up to Rs 2.5 lakh, he doesn’t have to pay tax on the interest earned
The start of the financial year is the best time to do tax planning for the year
The new financial year begins on April 1 and it is that time of the year to do your tax planning
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
Sudhir Kaushik, CEO and founder of Taxspanner.com, said the government is looking to ensure the number of citizens filing I-T returns goes up