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The choice between the new and existing tax regimes has confused many taxpayers. Four tax experts weigh in on how to improve the new tax regime
It is important to either consider making a separate deduction section for premiums paid towards life insurance policies or enhancing the current limit of Section 80C
Missed claiming tax deductions in investment declarations? Do it while filing returns So long as you make your tax-saving investments or incur certain expenses within March 31 (July 31 this year), you are still allowed tax deductions January 10, 2021 / 07:29 AM IST Despite multiple reminders from employers, many tend to delay submitting proofs of tax-saver investments, resulting in higher tax deduction from their salary during January, February and March. Some get overlooked due to inadequate awareness of the range of tax reliefs available. “While it is important to declare all tax savi...
DCB, IndusInd and Yes Banks offer the best rates on tax-saving deposits DCB Bank offers 6.95 per cent on tax-saving deposits, followed by IndusInd Bank and Yes Bank, at 6.75 per cent interest Moneycontrol PF Team December 25, 2020 / 09:53 AM IST Investing in tax-saving fixed deposits allows you to take the section 80C tax deduction benefit. Investments up to Rs 1.5 lakh can be claimed for tax deduction under section 80C. Tax-saving FDs have a lock-in period of five years and premature withdrawals are not allowed. The equity markets are all time ...