Finance Minister Nirmala Sitharaman introduced the latest Income Tax Bill in parliament today. This bill is set to be enforced starting from April 1, 2026, and has been assigned to a Select Committee ...

Interest rates on recurring deposits are usually similar to those on savings accounts but may vary depending on the bank and ...

As the Budget 2026 approaches, both taxpayers and financial professionals are already speculating about the impending changes ...

With the introduction of the new tax regime, several deductions/exemptions under the Income Tax Act, 1961 have lost much of ...

ELSS allows up to Rs 1.5 lakh tax deduction under Section 80C of the Income Tax Act, with a three-year lock-in. Switching ...

Tax saving mutual funds or ELSSs invest in stocks. Therefore, they have a very high risk. You should be aware of this aspect, ...

Section 80C lowers your tax liability by a maximum of ₹1.5 lakh through instruments like PPF, ELSS, and life insurance premiums. But once that limit is reached, most taxpayers overlook other ...

Section 80C of the Income Tax Act lets individuals and Hindu Undivided Families (HUFs) claim deductions of up to Rs 1.5 lakh a year for certain eligible investments. This helps reduce your taxable ...

The pension regulator has reduced mandatory annuity purchases, removed lock-in periods, allowed investment until age 85, ...

Salaried Tax payers comes under Employees’ provident fund can put more than the voluntary 112 percent of the basic in the voluntary provident fund. This instrument gives almost the same return and tax ...

Payment of premium on life insurance policy and health insurance policy not only gives insurance cover to a taxpayer but also offers certain tax benefits. In last year's budget, the Tax Benefit on ...