As per the provisions of the Section 80G of the Income Tax Act, any individual, company or organisation can contribute money and claim deductions while submitting their Income Tax returns. Read on to know more.
Two individuals with the same salary structure can have different take-home salaries based on how well they optimise their tax outgo. In this article, we’ll look at 5 simple options that will help you optimise your tax outgo.
The new year is the best time to set things in order. We’ll tell you how you can start by opting for the best tax-saving plans.
As the end of the year approaches, there’s generally a mad scramble to get one’s finances and investments in order. Learn why it’s important to plan your taxes and not blindly put money into the first tax-saving investment that pops into your head.
If you think tax exemption, tax deduction and tax rebate are more or less the same, you’ll be surprised to know they mean completely different things. Find out more right here!
Think that donating to charity will give you nothing in return except the wonderful feeling of satisfaction that comes from helping others? Well, that’s not entirely true as you can get tax benefits for the contributions you make to charity.
If claimed in a proper way, HRA deduction can reduce your tax liability.
Here are guidelines on how to file your Income Tax returns if you have changed jobs and need to compute income from two different workplaces.
Did you know, the interest earned on money kept in your Savings Account is taxable? In this article, we’ll tell you how to consider this income for computation of taxes.
Providing fake rent receipts to claim deduction under HRA is a tactic used by many salaried employees. The Income Tax department is now going to scrutinize the receipts carefully. Here’s what you need to know.