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Save tax on rental income by claiming deductions

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Income from house property is one of the taxable heads of income under the Income-tax Act, 1961 (the Act). House property consists of any building or land appurtenant(belonging) thereto, of which an […]

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Do you really need to save tax?

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It is that time of the year again when you start gearing up to make tax saving investments. It sometimes comes as surprise to some people that they may actually not need […]

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Income tax hack: Four tax-saving deductions beyond 80C

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Income tax hack: Here are four tax-saving deductions beyond 80C As the deadline for investments related to tax savings nears, individuals should look at various options to save tax under the Income-Tax […]

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Tax planning for AY2019-20: From PPF to NPS, here are best investment options for individuals

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Best investment options for AY2019-20: PPF is one investment option that falls under the Exempt-Exempt-Exempt (EEE) category. As we approach the end of Financial Year 2018-19, it is that time of the […]

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Post office tax saving schemes for section 80C: From PPF to NSC to SSY, Full list

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We look at the five post office investments that helps reduce tax liability under Section 80C of the I-T Act by investing a maximum of Rs 1.5 lakh per financial year in […]

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Salary structure: I-T Act offers 51 allowances and perquisites with tax saving benefits; How many does your company give you?

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With best practices in mind, HR department need to ensure they always operate and maintain their employee benefit programmes within the lines. Income tax is a legal and, some would argue, a […]

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Exhausted Section 80C limit? Here are 7 tax saving options other than 80C

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Under Section 80 (DD), an individual can claim tax deduction against the expenditure incurred for medical treatment of a dependent person with disability. The current financial year is nearing its end and […]

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