Tax Deductions

• 

  Renting A Home? These Lesser-Known Tax Benefits Could Save You Rs 60,000

  The growing formalisation of India's rental market is also changing how taxpayers approach rent payments.

• 

  From Investment Proofs To Insurance Reviews: Essential Financial Tasks Before March 31

  With India's financial year ending on 31 March, experts recommend completing a checklist that includes submitting investment proofs, maximising tax-saving investments, reviewing insurance policies.

• 

  Australian Taxation Office Issues 2025 Tax Return Guidelines

  More than than 15 million Australians will file tax returns in 2025. The Australian Taxation Office urges citizens to lodge accurate tax returns and warns against false claims.

• 

  Excess TDS Deducted? Here's How To Check And Get Quick Refund

  To ensure a quick refund, file your tax returns as soon as possible after paying your taxes.

• 

  Budget 2025: Reduce Tax On FD Gains, Adjust Income Tax Exemption Limit With Inflation, Says CBDT Ex-Chair

  Mohapatra, in a report for Global Trade Research Initiative, gave four key reforms for a more efficient tax structure, including simplifying the TDS system and classifying F&O as speculative activity.

• 

  Budget 2025: Reduce Tax On FD Gains, Adjust Income Tax Exemption Limit With Inflation, Says CBDT Ex-Chair

  Mohapatra, in a report for Global Trade Research Initiative, gave four key reforms for a more efficient tax structure, including simplifying the TDS system and classifying F&O as speculative activity.

• 

  Budget 2025: Reduce Tax On FD Gains, Adjust Income Tax Exemption Limit With Inflation, Says CBDT Ex-Chair

  Mohapatra, in a report for Global Trade Research Initiative, gave four key reforms for a more efficient tax structure, including simplifying the TDS system and classifying F&O as speculative activity.

• 

  Old Vs New Tax Regimes: Have A Home Loan? Check Which One Suits You Best

  For individuals with loans for assets like a house or a vehicle, there are deductions that can be claimed under the old tax regime.

• 

  Union Budget 2025: Tax Deduction Terms You Should Know Ahead Of Budget

  Tax Deductions: A tax deduction is an expense or expenditure that can be subtracted from an individual's or business's total income, resulting in a lower taxable income.

• 

  Link PAN With Aadhaar By May 31 To Avoid Double Income Tax Deduction

  The income tax department today asked taxpayers to link PAN with Aadhaar by May 31 to avoid tax deduction at a higher rate.

• 

  Income Tax Department Warns Against Sharing Of User ID, Password

  The taxman advised against sharing of log-in credentials as also using the login credentials of any person other than the authorised one appointed by the deductor for carrying out any activity on TRACES.

• 

  SMS Alerts On Salary TDS Deduction: 10 Things About This New Service

  As many as 2.5 crore salaried taxpayers will now receive SMS alerts from the Income Tax Department regarding their quarterly TDS deductions.

• 

  Government Expects Rs 46,739 Crore TDS From Delhi Region In FY17

  More than 40 per cent of tax collection, that is Rs 46,739 crore, is expected to come through TDS (tax deducted at source) from the Delhi region in the current fiscal year, a senior tax official said on Tuesday.

• 

  Filing Tax Return Late? Maximise Your Tax Savings With These Tips

  The due date for filing income tax returns for individual taxpayers for the assessment year 2022-23 was July 31. However, those who missed the deadline can still file their tax returns with a late fee till December 31.

• 

  Income Tax Return: How To Maximise Income Tax Benefit Under Section 80C

  Section 80C of the Income Tax Act offers one of the most common deductions available to salaried individuals, say experts. Section 80C of the Income Tax Act provides for income tax deductions up to Rs 1.5 lakh in a financial year. This benefit can be availed by investments in a variety of tax-planning instruments, including life insurance premium, ...