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Investment submission deadline: Here are the deductions which are allowed under New Tax Regime

Deductions under New Tax Regime: Salaried individuals opting for the New Tax Regime can still claim many deductions. A few prominent ones are Standard Deduction and deduction under Section 80CCD (2) for employer's contribution to the National Pension System. ....

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Investment proof submission: Section 80C and other sections that can fetch you exemption under Old Tax Regime

It is to be noted that deductions under Chapter VI-A deduction (Section 80C, 80D, 80E and so on) are not available for taxpayers who opt for the New Tax regime. However, salaried individuals can still claim two deductions under the new tax regime Standard Deduction and deduction under section 80CCD (2) for employer's contribution to NPS. ....

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How to achieve tax efficiency through life and health insurance plans?

Insurance can be a strategic tool for tax optimization, offering financial safety net and potential tax-saving benefits. ....

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Financial Forecast: Four changes to watch out for in January

From next month, insurance companies will have to provide their health insurance policyholders with an updated customer information sheet (CIS). It is also the month when salaried people would need to file proof of their tax-saving investments. ....

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Investment ideas: Term deposits vs Fixed deposits. What is the basic difference?

The Post Office offers Term or Time Deposit schemes of tenures of 1 year, 2 years, 3 years and 5 years. The interest rate ranges from 6.9 to 7.5 per cent. ....

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