Vivad se Vishwas Scheme: How individuals can settle their income tax disputes
The scheme launched by the Finance Ministry offers a complete waiver on interest and penalty to the taxpayers who pay their disputed taxes on or before March 31...
Comparison of new income tax regime with old tax regime
Based on an example, it is evident that maximum benefit in terms of tax savings that can be availed under the new regime (in case no investments are made) is Rs...
Pre-filled Income Tax Returns to be a reality soon
Pre-filing of income tax returns would be made available to taxpayers. It will contain details of the taxpayer’s salary income, capital gains from securities, b...
Understanding section 80CCG of the Income Tax Act
Section 80CCG of the Income Tax Act was introduced in the Finance Act, 2012. It is also known as the Rajiv Gandhi Equity Savings Scheme (RGESS). The idea behind...
10 dos and don'ts to ensure your claim of HRA tax exemption against rent paid is not rejected
There might be instances where an individual pays higher rent than what's mentioned on the rent agreement and difference is paid in cash.
What’s in store for housing societies now that GST is here
GST may benefit potential property buyers, but current housing society members will not see similar advantages. Here’s why…
GST will completely transform India's tax structure: Shaktikanta Das
In an exclusive chat with ET Now, Shaktikanta Das, Economic Affairs Secretary, Finance Ministry, talks about the impact of GST on the Indian market.
Why you should file your tax return by July 31
While you can file your personal income tax return even after the due date, July 31, but you would lose certain benefits if you do so.
How Mumbai based Mukherjee can reduce tax outgo by 34%
Sudhir Kaushik of Taxspanner.com advises readers on how to restructure their income, investments and expenses to optimise their tax
Proof of tax paid, 4-year money lock-in must to avail of tax evasion amnesty scheme PMGKY
Anyone facing prosecution for corruption, holding benami property, money laundering, foreign exchange violation or drug trafficking won't get this facility.
Time to submit investment proofs for tax? Here’s the guide
Trying to fathom tax laws of the land? Don’t worry! We are here to take you through some common things you should keep in mind while collating documents for tax...
Union Budget 2017 likely to be taxpayer-friendly
The Budget may offer incentives and packages to boost consumption and accelerate growth, after reports that demonetisation had suppressed demand.
How to borrow money and benefit from it?
Five tips on making the most of health policy top-up plans
If your employer does not allow you to buy a top-up cover, you can always buy a top-up plan independent of the base plan.
Can you bear the cost of cancer treatment? Find out how to buy the best cover
The surging incidence of the disease and rising treatment costs make it imperative to secure one’s finances. Find out how to buy the best cover.
I foresee a trend of specialized products in health insurance continuing: Antony Jacob
Industry statistics reveal that the health insurance market in India has been growing at around 20% per annum and has the potential to grow significantly over t...
Top five reasons to gift yourself health insurance
Life insurance takes more importance over health any day and a glance through a regular 20-something woman's investment portfolio will show a huge chunk of her ...
How to choose the best health insurance policy
A health insurance floater policy of Rs 5 lakh is sufficient in most parts of the country but it may not be adequate if you live in a metro.
What you must know about taxability of life insurance policy payouts
The general impression among people is that proceeds of life insurance policies are totally tax free.
Mistakes to avoid in tax saving investment rush before March 31
Unlike the ELSS funds, you can invest blindly in the PPF. If you already have a PPF account, just put the remaining portion of your Section 80C limit in it.
Lower TDS for life insurance proceeds
Finance Minister Arun Jaitley did not announce big-ticket proposals for the life insurance sector, but he did dole out some minor tax reliefs.
Don’t buy health insurance only to save tax
Buy it for protection against spiralling healthcare costs. These are witnessing an inflation rate of 15%-20%, twice that of general inflation.
Where to invest- Mutual Funds or ULIPs?
Mutual funds are one of the most common investment options today. Recently, however, there's been an upsurge in interest in another financial product—Unit-Linke...
Six tasks for making the best out of this financial year
The craziness of March may be over, but investors and taxpayers still have a few more financial tasks to complete to put your finances on an even keel.
7 ways to make the most of your bonus this year
While extra cash is welcome, handling it can be tricky. Here are seven suggestions for getting the most bang from that extra back.
How women can optimize finances when looking after parents and kids
The Sandwich Generation mothers are caring not only for their kids, but also parents. Here's how they can plan their family’s finances.
Should you invest your money or use it to prepay home loan?
If a home loan does not seem like the sword of Damocles hanging over your head, it makes sense to continue with the regular EMI schedule.
What is National Pension System and how it works
NPS is a defined contribution pension system in which the contributions are invested in a mix of assets and the retirement corpus is dependent on the returns fr...
Six things about home loan tax incentives you didn't know
Even if you get a discount on both, your tax bill can burn a hole unless you know the rules well. Here goes a list of six lesser known tax benefits.
Are you financially literate? Find out how clear you are about investing
Though the financial services industry claims that it is spreading investor awareness, a significant percentage of educated Indians remain financially illiterat...
What are tax-free bonds and how they work
In an era of falling interest rates, tax-free bonds are gaining popularity especially among investors in the high tax bracket. Here's how to evaluate them befor...
Selling a house? Watch out for tax implications
Selling a house means a large cash inflow. Here’s how to ensure that you don’t end up with a huge tax liability when you do so.
Choosing between fixed-income and market-linked investment avenues
Both fixed-income and market-lined investments have a role to play in creating wealth and achieving financial goals. Read on to find out how to put them to best...
Eight money tips to help young earners plan their finances
The twin behavioural devils of ignorance and procrastination push most people into their 30s before they get down to streamlining their finances.
Right time to bank on fixed deposits? Find out
Fixed and assured income investors find solace in fixed deposits. Read on to find out the approach and options for investing in bank & company deposits.
Are you buying insurance blindly? Find out
Thousands of buyers sign up for insurance policies every year only to terminate them prematurely. Find out how to avoid such losses.
5 innocent mistakes honest taxpayers usually make
Misconceptions can make offenders of law-abiding taxpayers. Here are five blunders that can invite a tax notice, a penalty or both.
What makes tax-saving exercise an important financial planning tool
Proper tax planning not only reduces the tax liability but also helps save towards various goals one has set at different life stages.
5 investment options for the retired
Here are few investment options for the retired to provide for their monthly household expenses. The idea is to build a retiree portfolio with a mix of these pr...
Should you foreclose your home loan?
Home loan customers get caught in a dilemma whether to save on the interest paid to their bank or save the tax paid to the government.
6 smart things to know about co-signing a loan
Both co-signer and co-borrower are responsible for the loan. If the borrower cannot afford to repay, the co-signer will be held liable.
Can retired people bank on dividends from mutual fund schemes?
Many investment experts also recommend parking money in equity-oriented balanced schemes and opt for a dividend to generate a regular income. However, this stra...
What Budget 2017 can do to enable people to make full use of insurance
Here are some ideas from experts on what changes in the budget could make it easier for the common man to buy and use insurance fully.
All the investments, expenditures you can claim as tax break under Section 80C
Most people invest in life insurance policies, PPF, ELSS in order to avail this deduction, but there are other options too worth considering.
5 Reasons why the new budget lets you travel more
If you are going to claim that you didn't feel like planning a trip to Manali post watching Yeh Jawaani Hai Deewani then you, my friend, are lying!
7 benefits of Aadhaar Card
As the tax planning season comes around, use your Aadhar Card to make life easier in the matters of taxation!
Non-80C items that help you save tax
As tax planning season comes around, you should be on the lookout for ways to save tax. But remember to look beyond section 80(C)!
Is Income from Shares Brought Under an ESOP taxable?
What you need to know about tax implications of ESOPs or Employee Stock Options.
Gifts and Taxes: how much does it cost to make someone happy?
Receiving or inheriting a gift from loved ones can be extremely rewarding, so it's best you know if they can be taxed.
Difference between tax exemption, tax deduction and tax rebate
Tax exemption refers to expenditure, income or investment on which no tax is levied, thus reducing the overall taxable income.
What you must know about HRA and how to ensure it is not rejected
HRA is a popular way for salaried individuals to save on taxes. But there are certain dos and don’ts you must ensure to prevent your claim from being rejected.
ET Wealth ratings: Comparison of 10 tax-saving investments under Section 80C
Comparison of 10 tax-saving instruments on 8 parameters: returns, safety, flexibility, liquidity, costs, transparency, ease of investment and taxability.
Here are the latest income tax slabs and rates
The tax liability for 30% tax bracket has increased by Rs 2,625. For middle and lowest income tax slab, the tax outgo hikes by Rs 1,125 and Rs 125 respectively.
Decoding the Bitcoin mania: Evaluating the risks, taxes and future of Cryptocurrencies in India
Bitcoins have grown over the past few years from being an innovative reward that can be mined online that intrigued tech geeks to one of the most volatile decen...
What’s your resolution for the new financial year?
If you buy a product blindly because your colleague did, you would have ticked the right boxes on paper – made an investment and saved on taxes.
Home Loan Insurance Vs Term Plans: How To Choose The Right Insurance Option
Buying a house is a dream that a majority of people share. Whether it is the idea of moving into a house of your dreams with your family or investing in a place...
How to avoid last-minute tax planning mistakes
Taxpayers often commit mistakes in a rush to save tax. Here's how to avoid investing errors you might regret later.