E-PaperIncome Tax Benefit News
7 big income tax rule changes from 1 April 2023 for taxpayers | Mint Primer | Mint
There are many changes in the income tax rules effective from this financial year. Changes in income tax slabs to tax rebate limit raised, No LTCG tax benefit on some debt mutual funds are some of the major changes effective from 1 April 2023.
6 Apr 2023Tax-saving through NPS: Income tax benefits explained in 10 points
NPS investment: Income tax benefit under 80CCD (1B) and 80CCD (2) is over and above ₹1.5 lakh limit under Section 80C.
2 min read5 Jan 2019Exemption under Section 54EC can’t be claimed in 2 FYs for single property
Investment under Section 54EC in FY in which house is transferred and in the subsequent FY can't exceed 50 lakh
2 min read24 Dec 2018NPS withdrawal made tax-free like PPF, EPF
The government has granted NPS exempt, exempt or exempt or EEE status which means that like PPF (public provident fund) or EPF (employee provident fund) investment at the investment stage, accumulation and withdrawal stage will be tax free.
2 min read10 Dec 2018Income tax benefits persons with special needs and caregivers can avail
The government of India does a smallbit to support such children and their caretakers by offering certain tax benefits
2 min read5 Dec 2018NPS gets you extra ₹50,000 income tax deduction. How to claim
NPS helps get extra income tax deduction beyond ₹1.5 lakh limit (under Section 80C)
2 min read26 Nov 2018Atal Pension Yojana: Monthly pension, contribution, income tax benefits in 10 points
Atal Pension Yojana (APY) gives a guaranteed minimum pension of ₹1,000, ₹2,000, ₹3,000, ₹4,000 or ₹5,000 per month from the age of 60
3 min read23 Nov 2018Six income tax-saving investments under Section 80C
Total amount of income tax deduction under sections 80C, 80CCC (investment in pension plan offered by an insurer) and Section 80CCD (1) (for NPS) cannot exceed Rs. 1.5 lakh in a financial year.
4 min read17 Nov 2018Car loan can give income tax benefit to self-employed
A car loan can help you save on tax if you are a self-employed professional
2 min read24 Oct 2018How you can help Kerala, other flood-hit states
While Kerala looks to rebuild itself, other states hit by floods and rains also need help. Here's what you can do and how to get tax deduction benefit.
5 min read10 Sep 2018Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared