Articles 1721–1760 of 2673, covering Personal Finance, Income Tax and more.
Zero-based budgeting (ZBB) starts from scratch every month — every rupee of income is assigned a specific purpose until income minus all allocations equals…
Section 10 of the Income Tax Act lists incomes that are fully or partially exempt from tax — meaning they don't get added to your total income at all. From HRA…
If you have a home loan, the interest you pay is deductible under Section 24(b) of the Income Tax Act — separately from the principal repayment deduction under…
If you sell a residential house after holding it for more than 24 months and reinvest the gains into another residential house, Section 54 of the Income Tax…
Section 54EC offers a simple way to save long-term capital gains tax on the sale of land or building: invest the gains in specified bonds issued by NHAI, REC…
Sold shares, gold, a plot of land, or any other long-term capital asset — but not a residential house? Section 54F lets you claim a capital gains exemption by…
Section 80CCD(1B) is one of the few deductions that lets you reduce your taxable income by an extra ₹50,000 — over and above the ₹1.5 lakh ceiling of Section…
Donating to charity feels good — but the tax deduction you actually get under Section 80G depends heavily on which organization you donated to and how. Some…
Interest earned on your savings account and fixed deposits is taxable — but two separate sections offer relief depending on your age. Section 80TTA gives…
Section 87A is the provision that lets many taxpayers pay zero income tax even though their income falls within a 'taxable' slab. It works by giving a rebate…
"Agricultural income is tax-free" is technically true — but it's more nuanced than most people think. If you have both agricultural and non-agricultural…
Got an email or SMS saying you've received an 'Intimation under Section 143(1)'? Don't panic — this is the most routine communication from the Income Tax…
If the Income Tax Department finds your filed ITR incomplete or inconsistent in specific ways, it issues a notice under Section 139(9) treating your return as…
A Section 148 notice is far more serious than a routine intimation — it means the tax department believes some of your income 'escaped assessment' in a prior…
Before you file your ITR, you should check two documents on the income tax portal — Form 26AS and AIS (Annual Information Statement). They overlap but aren't…
Getting selected for income tax 'scrutiny' sounds alarming, but for most taxpayers it's a manageable, document-driven process — especially now that it's…
Leave Travel Allowance (LTA) is one of the most commonly misunderstood salary components — many employees assume any vacation expense qualifies, then are…
Meal coupons and food cards (Sodexo, Pluxee, and similar) have long been a popular way for employers to give employees a small tax-free benefit. The exemption…
A joining bonus feels like a windfall — until you switch jobs again within the bond period and have to refund it, only to realize you already paid tax on the…
If your employer provides you with a house, a car, a driver, or pays for your club membership, these 'perquisites' have a taxable value — even though you never…
If you've sent money abroad for your child's education, an overseas holiday, or to invest in foreign stocks, you may have noticed your bank deducting an extra…
Two of the most underclaimed deductions in the Income Tax Act relate to disability and serious illness — Section 80DD for taxpayers supporting a dependent with…
If you're self-employed, or salaried but your employer doesn't pay you HRA (House Rent Allowance), you might assume you get no tax benefit for the rent you pay…
Winning ₹50,000 on a fantasy sports app doesn't mean you keep ₹50,000 — and it doesn't matter if your total annual income is below the basic exemption limit…
A salary arrears payment — say, ₹3 lakh of back-pay from a delayed promotion or pay revision — can push you into a higher tax bracket in the year you receive…
India does not have an inheritance tax — receiving a property from a parent or relative through inheritance or a will does not, by itself, attract any income…
If you've ever withdrawn a large sum of cash from your bank and noticed a deduction you didn't expect, you've encountered Section 194N — a provision designed…
Insurance agents, real estate brokers, distributors, and freelancers who earn commission-based income often see TDS deducted from their payouts under Section…
Moving back to India after years abroad raises an immediate question: will your foreign bank balances, overseas investments, and foreign pension suddenly…
If you earn income in one country while being a tax resident of another — a common situation for NRIs, remote workers for foreign companies, and anyone with…
Employees of multinational companies — especially in tech — often receive RSUs (Restricted Stock Units) in the parent company's foreign-listed shares (Google…
Every time your bank pays interest on a fixed deposit above a certain limit, it deducts TDS before crediting the amount to your account. Here is how Section…
Most people assume life insurance payouts are always tax-free. That used to be largely true - but a series of amendments since 2012 mean many policies…
Won a lottery, a game show prize, or a lucky draw gift? Before you celebrate, know that the taxman gets a flat slice first - and it's far steeper than your…
If you are a taxpayer living with a disability, Section 80U offers a flat deduction from your taxable income - regardless of what you actually spend. Here's…
If your total income is below the taxable limit but your bank keeps deducting TDS on FD interest, you're leaving your own money with the government…
Donating to a registered political party can get you a 100% tax deduction with no upper limit - which is exactly why this section has become a magnet for…
Filing your ITR is only half the job. An unverified return is treated as if it was never filed at all - and every year, lakhs of taxpayers miss this final…
A Section 142(1) notice can arrive for two very different reasons - either you haven't filed your return at all, or the department simply wants more…
NPS is one of the most tax-efficient retirement products in India during the accumulation phase - but what happens when you actually withdraw the money? The…