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Source: Live Mint However, the new regime still allows employers to reimburse the cost of mobile phones, laptops, or car leases if they are used for official purposes. Some companies allow you to buy these devices after 12 months of use. This is one hidden benefit that you can unlock as an employee in the…
Source: Live Mint From January to March every year, towards the end of the financial year, chartered accountants and tax consultants are bombarded with the same question – where should one invest to reduce tax liability? Often, the advice is to invest in tax-saving mutual funds, life insurance and health cover. People, specifically the salaried…
Source: Live Mint As the academic year comes to a close, senior graders across the nation are finalising their higher education plans, whether they are looking at options to study further within the country or overseas. An important consideration here is the cost of education. For many families, education loans become a crucial tool in…
Source: Live Mint The Senior Citizens Savings Scheme (SCSS) is a government-backed savings initiative tailored for senior citizens to ensure a secure and regular income post-retirement. With guaranteed returns, tax benefits, and a straightforward process, it is one of the most reliable financial tools available for retired individuals in India. This scheme is available through…
Source: Live Mint But here’s the catch: While Budget 2025 offers a welcome increase in the tax rebate limit, only certain types of income qualify for this benefit. Capital gains, whether from property sales or stock market profits, are excluded from the rebate, meaning Mr. A’s tax savings won’t be as generous as he initially…
Source: Live Mint Having a constant source of income adjusted with rising costs in India is a challenge, especially for senior citizens and those not actively employed. For those citizens who have a fixed pension income that does not account for the changing costs of goods and services in the country, the taxation system provides…
Source: Live Mint With the new tax regime (NTR) becoming the default regime lately, several taxpayers are anxious about having lost the eligibility to claim deduction. What, however, is not known to many people is that some deductions and exemptions are still allowed in the new tax regime. Although the typical deductions for investment in…
Source: Live Mint In 2023-24, the Employees’ Provident Fund Organisation rejected 8.7 million applications from individuals seeking to withdraw money from their EPF accounts. Read Full Article
Source: Live Mint Stock market losses are never pleasant—whether through direct equities or mutual funds—but they offer a rare silver lining: the potential to reduce your tax liability through capital loss set-offs. Here’s how savvy investors can use this to their advantage. Set-off against gains Capital losses can be set off against capital gains, allowing…
