-
If an employee has been retrenched by the employer and in lieu of that he is paid retrenchment compensation, it shall also be exempt up to Rs. 5,00,000 if other conditions are satisfied
-
Central Board of Direct Taxes (CBDT) had issued a circular on March 12, 2021, to start the process by giving permission to various entities to report transactions to the Income Tax Department.
-
The best part is you can pick investments according to your risk appetite
-
Due to the amendment in Section 1961 of the Income Tax Act, necessary changes have been made in the ITR form
-
Taxpayers often complain that they have not received refunds despite following the due process
-
If you are yet to receive your refund from the I-T department, here's how you can go about it
-
Individual taxpayers contribute their share during the pandemic, job losses and pay cut
-
From April 1, interest on EPF exceeding the limit of Rs 2.5 lakh in any year will be taxable during withdrawal
-
Under Section 80C, you can claim a maximum deduction of Rs 1,50, 000
-
The Union Finance Ministry has said that the government has taken special care this year to refund IT dues to the taxpayers