Looking for last-minute tax-saving avenues before March 31st? Here’s how Section 80C can come to your rescue
With just over 10 days left to save on taxes, individuals can invest in instruments under Section 80C to reduce their taxable ...
Tax Guru6d
Unlocking Mysteries of Gross Total Income and Income Tax Deductions
The Indian taxation framework, as delineated by the Income Tax Act of 1961, may initially seem daunting. Nevertheless, ...
cnbctv1814d
International Women’s Day 2025: Are there specific tax benefits for women in India?
Parents or guardians can open an account for girls under 10, with maturity at 21 years. Contributions qualify for deductions under Section 80C up to ₹1.5 lakh, and both interest earned and withdrawals ...
India Today14d
Looking for tax benefits under Section 80C? Check these 5 options
The contributions made to the Public Provident Fund qualify for tax deductions under Section 80C and the interest earned, along with the maturity amount, is tax-free. Listen to Story Post Office ...
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Meeting of Select Committee of Lok Sabha to examine new Income Tax Bill underway in Parliament
The bill also brings changes to deductions and exemptions. Earlier, Sections 10 and 80C to 80U of the Income Tax Act of 1961 allowed deductions for investments, donations, and specific expenses. The ...
Indiatimes16d
Income tax savings via post office schemes: 5 small savings options that save tax under Section 80C
Some of these schemes provide tax benefits under Section 80C of the Income Tax Act, 1961, allowing investors to claim deductions of up to Rs 1.5 lakh per financial year. These schemes are ideal for ...
CNBC16d
Mortgage interest deduction: What to know, how to claim
The interest you pay on your mortgage could help you lower your taxes. With the mortgage interest deduction (MID), you can write off a portion of the interest on your home loan, lowering your ...
Lok Sabha Select Committee to examine Income-Tax Bill on March 6-7
The Select Committee of the Lok Sabha, under the chairmanship of Bharatiya Janata Party MP Baijayant Panda, will examine the Income-Tax Bill 2025 on March 6 and 7. On March 6, the select committee ...
Hindustan Times22d
Lok Sabha panel to record evidence of ICAI, EY representatives on Income Tax Bill
The bill also brings changes to deductions and exemptions. Earlier, Sections 10 and 80C to 80U of the Income Tax Act, of 1961, allowed deductions for investments, donations, and specific expenses.
moneycontrol.com22d
Looking for tax-savers ahead of March 31? Check out these small saving schemes that offer 80C deductions
The last date for making tax-saving investments to avail deductions of up to Rs 1.5 lakh under Section 80C is March 31. These breaks are available only under the old regime, which will cede ...
newsbytesapp.com23d
Freelancing and taxes: What you need to know
The gig economy, fueled by platforms such as Airbnb, Uber, and freelance job marketplaces, has become a significant source of income for many Indians. However, comprehending the tax liabilities ...