Finance Minister Nirmala Sitharaman in her fifth Union Budget made five major announcements for the income tax assesse. She announced no changes in the old tax regime and confined her relief measures to the new tax regime. There have been no changes under the old tax regime.
In a chat on rediff.com, direct tax expert Vikas M Gandhi offered some valuable tax-saving tips.
'There are no new benefits for senior citizens, but on the other hand senior citizens having sizeable dividend income may have to suffer tax at applicable slab rates,' says Mahesh Padmanabhan.
Pursuant to Finance Minister P Chidambaram's budget announcement, a roadmap to streamline tax structure on all saving instruments will be rolled out next month.
Tax planning will help you pay less income tax. Something everyone wants. But smart tax planning will help you boost your portfolio.
'We do not believe in fire sale. We don't do it.'
The bonds' unattractive structure seem to have found little favour with eligible taxpayers and infrastructure finance companies are hoping the government would do something to enhance product appeal.
Seek permission to issue tax-free bonds.
One investment that must be on the top of your list -- if you are a high-risk investor -- is the tax-saving fund.
Ramalingam Kalirajan explains the pros and cons of both investment types.
'A mid-year review makes the end-of-year financial review manageable and less stressful.'
India's top oil and gas producer ONGC wants the government to scrap windfall profit tax levied on domestically produced crude oil and instead use the dividend route to tap into bumper earnings resulting from surge in global energy prices. The firm also favours a floor price for natural gas at $10 per million British thermal unit -- the current government-dictated rate -- to help bring deposits in challenging areas to production, two sources aware of the matter said. State-owned Oil and Natural Gas Corporation (ONGC) management during discussions with government officials stated that levying windfall profit tax on domestic oil producers, while at the same time reaping rich savings from buying discounted oil from Russia was unfair.
Rediff reader Tushar Kulkarni, 40 from Dombivali shared some valuable tips.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
Union Finance Minister Nirmala Sitharaman, along with her team of bureaucrats, delved into the fine print of the 2024-25 Budget documents in a press conference, detailing the government's road map on bringing down the debt-to-GDP ratio and bold tax measures.
Form 16 contains details of salary income, deductions, and exemptions.
We have formulated a 5-step strategy for every investor looking at investing in tax-saving funds.
ELSS is a great instrument for tax planning which also ensures good returns. But investment should be carefully planned.
Mihir Tanna, Associate Director, S K Patodia & Associates, answers your income tax queries.
The National Pension System (NPS) added 21.5 per cent fewer fresh subscribers under the corporate segment in 2023 compared to the preceding year. Government officials and experts attribute it to the higher exemption limit of income tax of Rs 7 lakh announced in the FY24 Budget that no more requires employees under this income bracket to opt for NPS for tax-saving purposes. Data collated from the Ministry of Statistics and Programme Implementation (MoSPI) reveals that the corporate component is voluntary in nature and saw 158,212 new subscribers in 2023 compared to 201,517 during 2022.
Should taxpayers invest in Rajiv Gandhi Equity Saving Scheme to save tax? How much tax will they actually save? And what are the pros and cons you should check out before going for this scheme? Salil Dhawan offers his take.
Are you a salaried employee and a bit confused by how much tax your employer is deducting at source from your salary? If at all tax is deducted at source, do you know how to plan to save taxes? Get ahead tax expert has the answers.
Anamika Pareek explains the advantages of investing in tax-saving options like the equity-linked savings schemes.
You can still save money, says Samkit Maniar
Correcting markets makes this a great time to buy an ELSS. Here are 7 schemes across the risk spectrum.
For a lot of investors, tax-planning is little more than a mandatory investment activity (under Section 80C) for saving tax. However, the fact is there is a lot more to tax-planning than writing cheques indiscriminately to your insurance company.
The govt has incentivised the worst of investment products.
Follow these simple steps if you want to create a solid retirement corpus and retire young, says Anamika Pareek.
Tax-saving funds add value to your portfolio, but you must ensure that your ELSS investments are always in tune with your risk-appetite.
Do not put all your funds into a single scheme; have a mix of fund houses as well as schemes.
Chennai-headquartered Indian Overseas Bank has launched a five-year tax saving deposit scheme at an interest rate of 8.15 per cent per annum.
Mechanism for non-resident service providers made stricter.
Section 80c has plenty products for those wanting to invest and save taxes. A quick look.
Insurance receipts and other savings plans post Direct Tax Code.
The benefit coming in from the Rs 1.45 lakh crore tax giveaways will also help companies to cut prices by up to 5 per cent to boost consumer demand, which has been sagging and is one of the prime reasons for the deepening slowdown.
'Credit card debt comes with high interest cost and stringent penalties.' 'If you do not repay on time, the costs balloon.'
'Sebi had no problem with derivatives until trading exploded after Covid.' 'But now, having built a dangerous road, from which different entities, mainly governments, are extracting a heavy toll, Sebi is concerned that people are driving on it in much greater numbers,' explains Debashis Basu.
Many seniors mistakenly believe they need not file returns if tax is deducted at source (TDS) on income received. This is incorrect.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances