By donating to eligible institutions and organisations, taxpayers can claim deductions ranging from 50% to 100% of the amount ...

CNBC Select explains how to file your taxes safely and accurately to avoid mistakes, penalties and scam artists.

A tax credit directly reduces a person’s actual tax liability, or tax bill. Unlike deductions (which reduce income before ...

The current progressive personal income tax (PIT) list has seven brackets, with rates from 5 percent to 35 percent. Experts ...

Owning a home comes with costs, but it also provides tax benefits that can lower your taxable income. For those filing taxes in 2025, deductions like mortgage interest and home office expenses ...

While deductions and credits can both positively impact your tax bill, credits can have the most influence. With a deduction, ...

Meeting income tax deadline is vital for the taxpayers, failing which they stand to miss out on tax benefits or may even have to pay penalties, fees or fines. The financial year 2026 is set to ...

Depending on what you've spent, claiming your medical expenses can get you a bigger refund. We walk you through everything you need to know before filing your taxes.

General citizens who still want to save income tax for FY 2024-25 can still do so under Section 80C in the old tax regime by investing in five year term fixed deposits (FD). General citizens (under 60 ...

The amount you can deduct depends on whether the project impacts the entire home or just the office. Home office improvements, however, are not tax deductible as they are classified similarly to ...

While filing income tax returns, we need many documents. Many times it happens that while filing the return, we come to know ...

In ordinary business discourse, it is a commonly accepted bitter truth that sometimes debtors are unable to pay their debts.