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Keep these changes in mind while filing your ITR to prevent errors
- You must note whether the interest you earn from your recurring deposits (RD) and fixed deposits (FD) are fully taxable at the applicable slab rates or not. Interest earned up to ₹10,000 from savings bank account is exempt under Section 80TTA.
Latest Stories
Yes Bank’s Rana Kapoor feels budget 2016 drives economic growth through infrastructural development
In order to address a pressing backlog of infrastructure needs amid weak private sector appetite an…
Withdrawing your EPF? We tell you how your savings will take a hit
Finance Minister Arun Jaitley’s decision to tax the interest earned on 60% of your Employee Provide…
FM Jaitley’s long term vision for banks is a welcome move
The Finance Minister appears to also have avoided (at least for now) the siren call of a sovereign …
Confusion no more! PPF stays on tax exemption list
The government said the PPF will not be taxed on withdrawal and only the interest that accrues on c…
Steps the government takes to boost growth would impact how India is perceived
The budget provides an indication of government’s intent. This was the 85th annual budget, and judg…
Know what will cost more and by how much
The Union Budget is out and the general sentiment is positive. But it has some really bad news for …
Budget 2016: No home or HRA? It’s time to take some tax relief on rent
The Union Budget for 2016 has been presented, and amidst a lot of other things, the common man has …
Great news for the common man, no change in tax slabs but cess and excise duty hiked on several products
Jaitley said the role of tax payers was important in nation building and each rupee contributed to …
Budget 2016: Good news! World's upbeat about India's new tax structure
India, historically eyed by the colonialists as the ’golden goose’ is all set to spread its wings a…
Budget 2016: All you need to know about GST
The introduction of Goods and Service Tax (GST) is expected to be one of the most crucial indirect …
No change in tax slabs in Budget 2016!
One of the major lookouts of the Budget 2016 will be the tax slabs and the Economic Survey 2016 sug…
GST MUST be passed NOW, if we need reforms
The GST, to be implemented by the Centre, 28 States and 7 Union Territories, awaits a Constitutiona…
Banks are in deep trouble!
Sluggish growth and increasing indebtedness in some sectors of the economy have impacted the assets…
Budget 2016: Black money haunts the NaMo Govt
With a view to provide relief to the taxpayer and to encourage him/her to disclose their undeclared…
Budget 2016: Here’s why a sovereign ‘bad bank’ will be a bad idea
As it is widely known, public sector banks have been suffering from a spurt of NPAs for a while now…
Direct taxes: That’s a long wishlist for the Modi Govt to fulfill in Budget 2016
Amidst the lingering uncertainty in the world involving the slowdown of China’s massive economy, de…
Dalal street looks at Budget 2016 to keep the steam running!
The Indian capital market is betting big on the upcoming Budget 2016. With the global markets not p…
Budget 2016: Give tax incentives to India Inc for skill development as CSR
Skill development sector is crucial to PM Modi’s dreams of putting India back on the world map. And…
Arun Jaitley may end tax exemptions, corporate tax in his Budget 2016
In Budget 2015, Jaitley had announced phased reduction in corporate taxes over four years to 25 per…
Mr FM! This is what the insurance industry want from Budget 2016
With the world economy heading towards a possible slowdown and India being one of the major economi…
Budget 2016: Here’s what GST will do for the Indian economy
All eyes are on the government when we say taxes. After all, both tax experts and the Indian corpor…
Health ministry wants you to stub that ‘sinful’ cigarette out! Expect hike in sin tax by 40% in Budget 2016
A report by the health ministry and WHO, 'Tobacco Taxes in India: An Empirical Analysis', states th…