ITR Filing: 5 benefits of filing income tax returns you may not be aware of

ITR Filing: 5 benefits of filing income tax returns you may not be aware of


Filing ITR on time is beneficial in many ways while keeping you tax-compliant. Here's all you need to know.

Salaried employee? Encashed leave? Know if you have to pay Income Tax

Salaried employee? Encashed leave? Know if you have to pay Income Tax


As per the Income Tax rules, leave encashment is taxable as a salary if you receive it while in service.

Budget 2019: Government likely to increase income tax exemption limit to Rs 3 lakh

Budget 2019: Government likely to increase income tax exemption limit to Rs 3 lakh


It was earlier reported that the government would only consider raising income tax deductions under certain sections of the Income Tax Act. However, a fresh report suggests that the government is likely to increase personal income tax exemption threshold.

Doing the math: Choose the right healthcare cover

Doing the math: Choose the right healthcare cover


According to experts, there are three things to consider: healthcare inflation, your family medical history and your salary Another way to determine the healthcare cover is to consider the kind of treatment you are likely to seek

New income tax rules with tougher penalty comes into effect: 10 points

New income tax rules with tougher penalty comes into effect: 10 points


Offences under serious criminal cases are 'generally' non-compoundable now The CBDT has listed 13 cases where the offences are not to be generally compounded

IRDAI okays standalone own-damage policy

IRDAI okays standalone own-damage policy


The Insurance Regulatory and Development Authority of India (IRDAI) on Friday allowed insurers, with effect from September 1, to issue standalone annual own damage (OD) cover for cars and two-wheelers, both new and old.

Mumbai property prices may crash as much as 50%: Ambit

Mumbai property prices may crash as much as 50%: Ambit


A lethal cocktail of high prices, drying up of bank lending and government efforts to reduce black money may combine to produce what many have anticipated -- in vain -- for long: a crash in realty prices in the country's metropolitan cities.

12 documents you need to file your income tax return this year

12 documents you need to file your income tax return this year


From Form 16 to tax saving investment proofs, a list of documents you need to have by your side while filing ITR

New income tax rules: No escape just by paying penalty

New income tax rules: No escape just by paying penalty


The new guidelines kicked in from this Monday and applies to all cases for compounding received on or after June 17 The revised guidelines issued by the Income Tax Department have made serious offences under black money and benami laws 'generally' non-compoundable