Budget 2025-26: Tax Expectations For Senior Citizens
Budget 2025-26 is set to be presented on February 1, 2025, and people have varied expectations from it. Read on to learn about the tax benefits expected for seniors in this budget
No Specific Tax Exemption On LTCG On House Sale For Super Senior Citizen
One can claim exemption on such LTCG either by investing the unindexed capital gains in another residential house or bonds of specified financial institutions. Tax on heirloom jewellery will depend on the valuation of the jewellery. You can set off short-term capital loss on shares against long-term capital gains on sale of property
Fact Check: No Tax Exemption for All Seniors Over 75, But Section 194P Eases Compliance
Under section 194P of the Income Tax Act, individuals aged 75 years or above, with a pension income and interest income from specified banks or financial institutions, are exempt from filing income tax returns, provided they meet specific criteria
Understand Different Tax Implications On Employees’ Provident Fund
Right from contribution to withdrawal, understand how tax exemption and liability will impact yourEPF corpus, thus helping you improve your retirement planning
I-T Dept Unveils E-Filing Portal: Here’s How You Can Give Your Feedback
The Income Tax Department has launched an I-T e-filing portal for the public this week and sought their opinion regarding its feature, services and convenience.
How Is Pension Income Taxed? 3 Things To Know To Reduce Liability
Pension is considered an income for tax purposes; however, its tax application varies based on the pension type received by government or private-sector employees, and via annuity plans.
Tax Implication On VRS: How To Maximise Post-Retirement Gains
Utilising tax exemptions and smart investment planning will help you maximise gains from a VRS payout so you don't lose a huge sum to taxes
Depositors Can Now Track Their Claims with DICGC Using the Online Tool Daava Soochak
The Deposit Insurance and Credit Guarantee Corporation (DICGC) has launched Daava Soochak, an online tool for depositors to track the status of their claims
What Is Monkey Pox? Does Your Health Insurance Cover It?
The World Health Organisation (WHO) declared a public health emergency for Monkey Pox.
Are Tokenised Card Payments Safer Than Via CVV Route?
Tokenisation protects cardholders from cyber fraud by replacing card details with unique numbers or tokens and allows faster checkouts with the limited role of the CVV number.
Public Provident Fund (PPF): How Can A Nominee Claim The Amount After Subscriber’s Death?
The Public Provident Fund (PPF) is a popular long-term savings scheme with attractive interest rates, tax benefits, and the option to nominate someone in case of the subscriber’s death.
Ganesh Chaturthi 2024: Here’s How To Foolproof Your Financial Plan For Retirement
What can be the best time to start your financial journey other than on the occasion of Ganesh Chaturthi, celebrated to honour Lord Ganesha, who embodies prosperity and well-being?
Ganesh Chaturthi 2024: Why SIPs Can Be The Greatest Ally In Your Journey To Financial Freedom
This Ganesh Chaturthi, let’s resolve to break our bad financial habits and embrace systematic investments and ensure the money is managed wisely, aligned with long-term goals.
