TAX

Home Loan: Longer the tenure you have, the lesser will be your EMI but higher would be the interest outgo.

By accurately filing their tax returns, individuals and businesses can also avoid being audited by tax authorities.

Pension received from the state or central government is fully taxable under “salary” in income tax returns.

Though the old regime offers a large number of deductions like 80C, 80D and 80CCD, the new tax regime also has few deductions that a taxpayer can claim

In view of promoting the SITR, govt may bring out certain modifications to make the SITR a more favourable option for individual taxpayers

Direct tax collection, net of refunds, stands at Rs 5.29 lakh crore which is 30.17 per cent higher than the net collections for the corresponding period of last year

The group of ministers might meet again before August 10 to finalise the recommendations and submit its report

Those who are linking their PAN-Aadhaar at this time will have to pay a fine of Rs 500, and Rs 1,000 after June 30, while completing this mandatory work.

GST Council is likely to meet in June; retail inflation in India soared to an eight-year high of 7.79 per cent in April 2022, against 4.23 per cent in April 2021

Finance minister Nirmala Sitharaman tabled Union Budget 2022-23 in Parliament on February 1. Here is all you need to know about income tax slab for senior citizens

Income Tax Rule Change: Union Budget 2022 proposed to introduce a new rule to allow taxpayers more time to file a revised or belated income tax returns

Under the Income Tax Act, 1961, an investor gets the privilege to save tax on investments. Section 80C of this Act is one of the most popular options to save taxes

According to a government notification, all footwear and textiles of certain materials, below Rs 1000, will attract GST at 12 per cent