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The upcoming budget 2024 is expected to address salary taxation to benefit salaried individuals and boost the economy. Taxpayers hope Finance Minister Nirmala Sitharaman will make revisions in areas such as standard deduction, tax slabs, and HRA lim...

Individuals who have exhausted the Section 80C limit must be looking for other options to claim more tax deductions. Section 80D of the Income-tax Act, 1961 is one such option for taxpayers to save income tax. Section 80D offers tax deductions on me...

The ET Money Show: Which are the best tax saving instruments in India? Ujjwal Shah of IIFL Securities joins ET NOW to help you understand the various tax saving investments and deductions. Watch.Explained: Best tax saving investments and how to clai...

Suneeta Reddy, MD, Apollo Hospitals, in conversation with Vikas Dandekar, Editor, Healthcare and Pharma, ET Prime, explains how Budget 2023 can help strengthen India's healthcare and pharma industry to build a self-reliant healthcare ecosystem. The ...

The Kerala State Lottery Department on Sept 18 announced the results of the Onam Bumper 2022. In one of the most movie-like lottery wins in Kerala, Anoop, an auto driver from Kerala’s Thiruvananthapuram, won first prize in the Onam bumper lottery wo...

Changes in the income tax slabs, changes in the income tax rates, hike in standard deduction, hike in basic exemption limit, section 80C limit, work from home tax benefits — these were the many expectations the common man had from Budget 2022. All o...

In an interview with ET, CA Naveen Wadhwa of Taxmann Publications share his expectations from the fourth budget of FM Nirmala SitharamanRegressive taxes for crypto and special benefits for senior citizens: CA Wadhwa's Budget wishlist

The worst fears of crypto traders have come true. The government has clarified that losses from one crypto can’t be adjusted against gains from another. Responding to questions by Congress MP Karti P. Chidambaram in Parliament, the Minister of State...

Many young earners are left confused as to what tax saving entails. In this video, ET Online sheds light on how young salaried taxpayers should handle the process, what tax saving investments and expenditures are available and the proofs they need t...

The government on Saturday introduced new tax slabs with reduced rates for an annual income of up to Rs 15 lakh for those foregoing exemptions and deductions under a simplified tax regime. Here is why FM Nirmala Sitharaman thought your personal tax ...

A hike in the standard deduction or a reduction in the income tax slab? ET Online asked skilled professionals in Delhi-NCR about their expectations from the Budget 2019. Watch now.What skilled professionals expecting from FM Sitharaman's budget

The budget announced several measures for middle-class taxpayers. The key highlight was the tax exemption of income up to Rs 5 lakh per annum. The tax exemption is aimed to boost the disposable income and purchasing power in the hands of a taxpayer....

The main gain from Budget 2019 proposals for salaried and pensioners is a reduction in tax burden due to the proposed increase in standard deduction from earlier Rs 40,000 to Rs 50,000. The Budget 2019 also offers a rebate for all those with taxable...

Finance Minister Piyush Goyal, in the interim budget 2019 proposes to hike the standard deduction limit to Rs 50,000 from Rs 40,000, currently. This move will bring more tax savings for the salaried class. Prior to the Budget, there were rumours tha...

Investments in ELSS qualify for a tax deduction of up to Rs 1.5 lakh under Section 80C of the Income Tax Act. But these funds have seen negative returns of minus 8 per cent last year. Should you use this category to save tax this year? ET explainsWa...

The Income-tax Act offers various tax benefits on certain investments and expenditures that can help you lower your gross taxable income. For example, investments in PPF, EPF, ELSS and so on offers tax benefit up to a maximum of Rs 1.5 lakh. This vi...

The income tax department has released a page-long advisory warning salaried taxpayers against under-reporting income or inflating deductions/exemptions while filing income tax returns. In an advisory uploaded on the e-filing website today the tax d...

Several major income tax changes have come into effect from the start of the new financial year, i.e., April 1, 2018. These include penalty on late filing of income tax returns (ITR), medical reimbursement and transport allowance becoming taxable, a...