Budget 2024: How Will The Hike In Capital Gain Tax Impact SIP Investors?

Taxpayers will need to submit a condonation request to the income tax department for pardon if they delay e-verifying their income tax return (ITR). Here’s how to submit a condonation request.

Section 80U of the Income Tax Act of 1961 allows differently-abled people to claim tax deductions based on the severity of their disabilities and medical proof.

The deadline to file an income tax return (ITR) is July 31; file your ITR returns on time to avoid last-minute technical glitches on the e-portal site.

Lower GST rates and additional deductions on life, annuity, and health insurance products are some expectations the industry believes will enhance insurance penetration in the country.

Section 80EE of the Income Tax Act allows deductions on the interest paid on a home loan.

The income tax rules provide additional tax benefits to senior citizens aged 60 and above on the total income in a financial year.

From additional tax rebates to promoting group pension plans for MSMEs, here are some key expectations to boost people’s savings and retirement planning.

Salaried individuals are expecting higher tax exemptions as well as better HRA regulations in Budget 2024, which is set to be announced later this month

Pension is considered as an income and is taxed the same way as salary. The filing of ITR for pension is also similar to that of salary income

Section 80D of the Income-tax Act, 1961 allows for tax deduction for senior citizens on medical expenses, whether the expenses were incurred by themselves or their children