Tax Saving

From linking PAN card and Aadhaar Card to submission of updated income tax return (ITR), failure to meet these deadlines may lead to financial losses

Before investing in any tax-saving products, investors need to be aware of mis-selling strategies and must do their due diligence

An ELSS as a tax-saving option is mostly preferred by younger taxpayers

Like every year, multiple suggestions come in from citizens on MyGov, some reasonable, others clearly whacky

For investments made after proof has been submitted to the employer, claim refund in ITR

Some see potential in the newly introduced passive option, other see promise in active ELSS

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Investors in higher tax brackets may avoid products taxed at the slab rate

The EPFO is larger than four of the largest mutual funds put together, yet it has opaque accounting practices with no portfolio disclosure even at year-end

Tips on saving tax on the interest you earn on your savings bank account

Interest earned on balances in savings accounts held with banks or post offices is taxable under "Income from other sources". Did you know that you can actually save this tax to an extent?

If your health insurance premium is low, this provision can help you enjoy a higher deduction

Big-ticket foreign investors looking to invest in India could soon find their proposals getting quick treatment from the government. Read Business Standard's top news pieces for the day

They must also maximise the utilisation of the higher deductions available to them

If you make them in haste at the last moment, you are likely to end up with the wrong choices

Six changes in tax rules that come into effect today

Today is first day of the financial year 2020-21, and with new year come new tax rules. Here are the six changes that come into effect from today

Avoid errors like investing beyond the permissible limit

Remember, it is mandatory to file I-T returns by the due date to carry forward losses to the following years

Give these equity-linked instruments at least seven years to yield good returns

Loan rate is 100-200 basis points higher than the FD rate

Taxpayers can save the taxes on the gains by availing the benefit of tax exemptions allowed under the Indian tax laws.