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3 mins read
Taxability of employee benefits may decide which tax regime makes more sense for you
When deciding between the old and the new tax regimes, most of us will consider the most common ded…
2 mins read
The tax deductions you can claim if you have a home loan in 2023-24
When deciding which tax regime to opt for, those with a home loan may prefer the old tax regime, as…
3 mins read
Payment of 1% GST in cash only for 45,000 taxpayers: DoR sources
The government's decision on mandatory payment of at least 1 per cent of GST tax liability in cash …
2 mins read
How to calculate gratuity and is gratuity taxable?
The CBDT Notification no. S.O. 1213(E), dated 8 March 2019, states that the tax exemption on…
5 mins read
Bonds can be taxable or tax-free here's your guide to the different types and calculating what's due on them
Bonds are divided into two classes: taxable and tax-exempt. While their capital gains are always ta…
Janet Berry-Johnson
7 mins read
Interest income from your investments is taxable - here's how to calculate what you owe and ways to lower it
Most interest income is taxable on both federal and state levels, and you pay taxes on interest inc…
Janet Berry-Johnson
3 mins read
How to calculate taxable Income in 2019-20 in old tax regime
Know the current income tax slabs for different salary ranges: …
2 mins read
Here’s how salaried employees can save on their taxable income
The salaried class is the most distressed during tax filing season. However, from donations for cha…
6 mins read
The points, miles, and cash back you earn from credit cards generally aren't taxable - but there are 2 exceptions
If you do sign up for a bank bonus, you're likely to receive a 1099 form from the bank. If you do r…
Dan Miller
1 min read
Swachh Bharat cess garners Rs 329 crore in a month!
"The provisional figures of Swachh Bharat cess collected till December 16, 2015, is about Rs 329.6 …
3 mins read
The staggering amount of wealth held by the Forbes 400 more than doubled over the last decade. But their tax rates actually dropped.
The share of wealth held by the Forbes 400 more than doubled from $1.27 trillion in 2009 to nearly …
Joseph Zeballos-Roig
3 mins read
People frustrated with their taxes are piling a record amount of money into an exempt investment that looks unstoppable. Here's how you can get involved.
Rusnak says $23.4 billion has flowed into muni bond funds between Jan. 1 and early April. That's a …
Marley Jay
2 mins read
ITR Filing: Today is the last day to file your income tax returns, so file today to avoid penalties
You will have to pay a penalty of Rs. 1,000 if your total annual taxable income is below Rs 5,00,0…
3 mins read
Decoding Form 16: How do you file your taxes if you don't get Form 16?
While you can still download Form-16, there's another, manual way to figure out your tax liability.…
2 mins read
Comprehensive review of the IT Act imminent in 6 months, notes revenue secretary
Malhotra explained the government's rationale behind this proviso, noting that buyback does not f…
4 mins read
Budget 2024: Here's what India's elderlies want
If any amount you receive from NPS is reinvested in the annuity plan, it remains tax-exempt. Howeve…
3 mins read
Budget 2024: Increase standard deduction, exemptions and more, an aam aadmi's wishlist
Note that unless you specifically opt for the old regime, the new tax regime is considered as your …
4 mins read
Budget 2024: Three things the insurance sector want from FM Sitharaman this budget.
At present, individuals aged below 60 can claim an annual deduction of up to Rs 25,000 towards hea…
3 mins read
ITR filing: Documents you need to file your income tax return
If you've paid premiums for a life or health insurance policy during the year, or invested in ELSS…
4 mins read
How much can you make in the military? US officers can earn a $220K salary plus some pretty generous benefits
Military personnel can get other tax-free allowances for housing and meals, along with healthcare a…