On October 02, 2016 12:08 (IST)
If we assume that the price of cigarettes will rise at the rate of 10 per cent, a 25-year-old smoking 10 cigarettes a day today would have smoked cigarettes worth Rs 1.27 crore by the time he/she turns 60.
On October 02, 2016 12:19 (IST)
If you are a salaried person who switched jobs or left the typical 9-to-5 job to start something of your own, chances are good that you might have missed to transfer or withdraw your provident fund money.
On October 18, 2016 00:04 (IST)
Interest on bank fixed deposit is fully taxable. Banks are liable to deduct TDS at the rate of 10 per cent on the interest earned, if the interest income for the year is more than Rs 10,000.
On September 09, 2016 10:57 (IST)
Vijay Shekhar Sharma, 38, is the richest entrepreneur in India below the age of 40, according to Hurun's India rich list for 2016. The net worth of Paytm's founder jumped 162 per cent in the past one year to Rs 7,300 crore, says the report.
On September 04, 2016 11:20 (IST)
An interest rate of 9.50 per cent per annum on a fixed deposit may look attractive to many at a time when most of the commercial banks are offering an interest rate of 7-7.5 per cent.
On August 31, 2016 14:55 (IST)
August 31 is the last day to clear the pending tax returns of the six assessment years between 2009-10 and 2014-15.
On August 21, 2016 16:25 (IST)
Many people buy life insurance policies just to save tax as the premium paid is eligible for deduction under Section 80C
On August 17, 2016 10:59 (IST)
On the recommendation of Seventh Pay Commission, the government has increased the gratuity limit to Rs 20 lakh from Rs 10 lakh. This is good news for government employees as they will get more money on retirement.
On August 14, 2016 14:39 (IST)
Many people fail to file their income tax return on time despite extension of deadline. This year the government extended the tax-filing deadline to August 5, though July 31 typically is the last date.
On August 09, 2016 11:06 (IST)
Banks fixed deposits are among the most popular instruments among Indians as they provide fixed-guaranteed return. Though safety of capital and guaranteed returns are the two virtues of bank fixed deposits, tax inefficiency takes the charm away from them. The interest earned on fixed deposits is fully taxable.
On August 06, 2016 11:58 (IST)
In Seventh Pay Commission bonanza, lakhs of central government employees will soon receive higher salaries and arrears in one go. This may result in an increase in the tax slab of many employees as they will receive arrears from January 1, 2016.
On October 16, 2016 13:20 (IST)
Most of you must be aware that if you are residing in a rented accommodation and your company is giving you house rent allowance (HRA) as a part your salary, you can claim HRA deduction equivalent to the least of the following:
On September 19, 2016 11:00 (IST)
To check tax evasion, the income tax department has stepped up its vigilance against undeclared income.
On September 21, 2016 22:11 (IST)
Banks deposits are one of the most popular investments among Indians. Yet many people are not aware of some of the rules, particularly pertaining to the taxability of interest income.
On September 19, 2016 11:53 (IST)
In what could be a big setback to the common man, interest rate on one of the most popular small saving schemes - public provident fund (PPF) - could fall below 8 per cent, a level never seen since 1979.
On July 10, 2016 14:37 (IST)
Income Declaration Scheme (IDS), 2016, is a one-time window of opportunity for income tax assessees to declare any unaccounted income from the past
On September 26, 2016 10:33 (IST)
Any concealment of income or underreporting of income to evade tax can cost you dearly.
On July 03, 2016 11:49 (IST)
Health insurance companies provide a plethora of products to cater to different needs of people. More recently, the insurance companies have come out with disease-specific covers.