Tax Rebate News

Money

Co-owners can claim tax deduction on a housing loan in the ratio of funding

Both husband and wife can contribute towards repayment of the housing loan, the deductions can be claimed by both independently

2 min read22 Mar 2020
Money

Can you get tax rebate?

Not everyone will benefit from tax rebate on up to ₹5 lakh unlike in the case of tax exemption on income slabAre you wondering whether you will get the benefit or not? Here is the math

2 min read9 Feb 2019
Money

Pre-election interim budget 2019 has something for everyone

While those with taxable incomes up to ₹5 lakh will go away the happiest from the interim budget, there is a little bit of good news for everyoneThe increase in standard deduction to ₹50,000 for the salaried class will help individuals save more tax

5 min read4 Feb 2019
Budget 2019

Budget 2019: It’s populism at play ahead of poll season

Govt reaches out to farmers, unorganized workers, middle-classGoyal reduced the tax burden on the middle class by announcing a tax rebate on income of up to Rs. 5 lakh for individual taxpayers

3 min read2 Feb 2019
Budget 2019

Take income tax rebate hike with a pinch of salt: Analysts

The proposal will benefit 3 crore taxpayers and the government will have to forego revenue to the tune of over Rs. 18,000 croreIndia Ratings' peer Crisil Ratings said the "tax sops by themselves are not significant"

1 min read1 Feb 2019
Budget 2019

Budget 2019: It's a rebate and not an exemption

A tax exemption is when the income you earn does not attract taxThe finance minister has announced a rebate and not an exemption

1 min read1 Feb 2019
Money

What’s the difference between tax exemption, tax deduction and tax rebate?

While calculating tax liability, exempt incomes are the first components that get reduced from your salary or other incomeYou can claim a deduction by making investments in specified products or by incurring certain expenses under different income tax sections

2 min read24 Jan 2019
Money

Donating to specific institutions gives tax deduction benefit

Exemption limits on donation can vary depending on the institution and the Section under which it is registered

2 min read7 Nov 2018
News

China announces tax cuts in move to support economy

The State Council says the announced tax cuts would reduce firms' costs by more than 45 billion this year

1 min read30 Aug 2018
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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

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