Use deductions introduced in the Budget to save additional Rs 24,000 in tax
The reimbursement components of your salary require you to furnish bills before they become tax-exempt. Producing them may be difficult this year.
The report, however, said it remains watchful of the upside risks to inflation emanating from pass-through of minimum support prices (MSPs), adverse movement in crude oil prices, volatility in global financial markets, lagged impact of the rupee weakness on input prices, adverse implications from fiscal slippage and staggered impact of HRA increases by states and its second-round impact.
Ensure the employer has all relevant documents. Else, your pay will take a serious hit in the next two months.
For protein rich items such as meat and fish, eggs as well as milk and products, the inflation in May slowed compared to last month
High frequency indicators suggest that a growth recovery is underway, but very tentatively and with weak legs, says Saugata Bhattacharya.
Employees and workers will meet on November 27 to protest against the recommendations
Six-times champion jockey Kieren Fallon will go to the high court in London on July 27 in a bid to quash the ban on him riding in Britain.
Incomes such as dividend, interest on tax-free bonds, eligible gifts, etc should also be reported even though they are tax exempt, suggests Sanjay Kumar Singh.
Archit Gupta on how can you maximise your savings and reduce your taxable income.
If your case is picked up for random scrutiny, any of the tricks that you or your financial advisor may have used to avoid tax will be easily detected.
We take the opportunity to bust a few myths
It's got the looks, it's got the features, but the Magnite's success will depend on its pricing, says Rajesh Karkera.
The central bank had revised its inflation forecast significantly downward in the last policy
Tax Guru Anil Rego answers your personal income tax queries
The Employee Provident Fund (EPF) contribution should no longer be restricted to 12% of basic and dearness allowance, according to a recent circular.
According to a study, there are several misconceptions regarding income tax.
India's dependence on imported crude oil to meet domestic demand has been a matter of concern for years. Delivering the inaugural address at the global energy summit - Urja Sangam - in 2015, Prime Minister Narendra Modi had called for enhancing domestic oil and gas production to cut the import burden. He aimed at lowering it by at least 10 per cent by 2022 - to coincide with the platinum jubilee of India's independence. But this target is far from being achieved and the country's import reliance has only risen.
The 7th Pay Commission has recommended more than doubling the 'Military Service Pay' to defence personnel, and suggested that Short Service Commissioned Officers should be allowed to exit the Armed Forces at any point in time between 7 and 10 years of service.
If a salaried employee does not possess Form 16, he can still file the I-T Return with the help of his salary slips and Form 26 AS.
Electricity tariffs to go up as coal cess is doubled.
The recommendations will benefit 47 lakh central government employees and 52 lakh pensioners.
Would you like to save some tax money? Have you made use of all the tax deductions that the law provides? There may be eligible deductions in many of the expenses that you incur.
The higher salaries and pension outgo will be equivalent to about one per cent of the GDP.
Here's why you can claim tax deduction on interest paid on your home loan as well as claim deduction on house rent alowance.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
Can you file your tax returns for the last three years before March 31, 2009? Is a post office recurring deposit covered under Section 80C? Can you claim any tax benefit on money spent on your child's school uniform? How can you avail of tax deductions under Section 80 DD? Can you claim tax deduction on interest paid on personal loans? Here are the answers.
Tax expert Mahesh Padmanabhan on how employees can use fringe benefits in their salary to help save tax.
Which is the best investment option when inflation is inching up? Should you put your money in gold, mutual funds or buy a house? How can buying a house help you in saving tax? Can you save tax by renting a property?
Get Ahead Tax expert Mahesh Padmanabhan on short term and long term capital gain tax issues arising out of selling your old home and buying a new home.
In an online chat with Rediff.com readers, personal finance expert Anil Rego answered queries about the new tax regime announced in the Union Budget.
Is it true that you can also save on your tax by gifting money to your parents? If yes, then what are the ways in which you can do so? Is there any maximum limit for gifting?
Applications are invited for pursuing PhD Degree in the Institute in various areas of Information Technology, Management, Information Security and Bioinformatics.
You pay the mediclaim insurance premium of your brother's policy from your salary. Will you be eligible for tax deduction? Will your bonus and ex gratia be tax exempt?
Do you know what Section 80DDB is and how it can help you save tax? How much tax can you save under this section and how can you avail it?
You need not worry even if there is a mismatch between your income and deduction in Form 16/16A and Form 26AS, says Ashley Coutinho
You and your spouse are co-borrowers on a home loan account. Your spouse, though, is not a co-owner. Can s/he claim tax benefits? Read on.
RBI in wait and watch mode as several risks to inflation continue to exist including a sudden reversal of food prices and oil price volatility.
Home loan expert Harsh Roongta tells you what you can do if your bank has increased the interest on your home loan.
Tax Guru Anil Rego answers your personal income tax queries.
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