The Income Tax Act exempts special allowance for salaried people under section 10 (14).

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

Tax evasion differs from tax avoidance, and taxpayers should know the difference to avoid unknowingly committing tax fraud. Learn more.

The Income-tax Act of 1961 offers tax benefits to senior and super senior citizens under certain conditions. Read on to learn more about them.

The grandfathering rule applies to capital gains tax on assets bought before March 2018, when there was no long-term capital gains tax (LTCG) on redeeming long-term investments.

With the change in your income and expenses during the retirement period, it can be a good time to review which tax regime you should go with, the new or the old tax regime.

Finance Minister Nirmala Sitharaman, in the interim budget 2024, proposed to withdraw outstanding tax demands of up to Rs 25,000 for the ease of taxpayers.

People often confuse tax liability on the gold purchased from the market and inherited from the ancestor as the same, but that’s not true!

In the fiscal 2023-24 budget, the government announced a new leave encashment limit of up to Rs 25 lakh for income tax exemption.

Senior citizens may want to sell their homes for various reasons, like shifting to another location, to get money for retirement, etc. However, they must be careful while selling their property