The Latest
Scholarship: No tax if paid for Education
Income-tax Act does not tax the scholarship money received to meet the cost of education. This relief is available to every person. He ...
Deductions
All about Senior Citizens’ Savings Scheme 2019
Men and women accumulate wealth in their youth so that they can have financial security when they retire. Most of them retire as ...
Deductions
All about Sukanya Samriddhi Account (SSA) Scheme, 2019
Parents are always worried about the financial security of their girl child. The traditions and customs of our country demand substantial expenditures on ...
Rates
All about Kisan Vikas Patra(KVP) Scheme, 2019
Kisan Vikas Patra is a saving scheme to encourage the habit of savings among individuals. It doubles a one-time investment. Earlier, Kisan Vikas ...
Deductions
All about Public Provident Fund (PPF) Scheme, 2019
Public Provident Fund (PPF) scheme is a popular long term investment-cum-tax saving option. PPF offers an investment avenue with decent returns coupled with ...
Happy New Year 2020: Tax Resolutions before Financial Year Ends
Every day is a new beginning. Instead of focusing on the failures of yesteryears, let’s learn from those experiences and start today with ...
Assessments
Tax Dept. turned ‘Santa’ for the taxpayer
Merry Christmas to our esteemed users! People celebrate Christmas in a variety of ways. Some decorate their houses, visit family or friends and ...
Rates
Rate of Interest charged by SBI on Auto Loan
Where an employer provides an auto loan to the employees without interest or at a concessional rate, the value of benefit arising to ...
Salary
Concessional loan by the employer to employees is taxable
Introduction Employers sometimes provide loan facility to the employees so that they can meet their fund needs required for higher education, medical treatment, ...
Capital Gains
Cost Inflation Index for the financial year 2019-20
What is Indexation? Indexation under taxation laws is a concept which allows a taxpayer to compute and tax only the real gains, after ...