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tax deduction news

IRS announces $6,000 tax deduction for seniors: Who qualifies and how to claim

Starting for the 2026 tax season, seniors aged 65 and older can claim an additional $6,000 deduction. Here are all the details and how to claim the deductions.
Published on Jan 20, 2026 05:47 am IST

New IRS tax deductions for 2026: Here's what you need to know

The IRS introduces new tax deductions that will impact seniors, workers with tips/overtime and car loan users.
Published on Jan 17, 2026 07:33 am IST

Curriculum on AI to be introduced in all schools from Class 3 onwards: MoE

Curriculum on AI to be introduced in all schools from Class 3 onwards: MoE
Published on Oct 31, 2025 12:23 pm IST

Trump’s New Car-Loan Tax Break Might Break Your Brain

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A new tax deduction is less generous, less immediate and harder to estimate than the current one for electric cars.
Published on Aug 24, 2025 06:30 am IST

How to save tax on income up to 1.5 lakh using India Post schemes? Full details

India Post offers five small savings schemes that can be used to save income tax under the Old Tax Regime.
Published on Mar 07, 2025 07:02 pm IST

Invest in NPS or EPF? Experts explain benefits of retirement savings schemes

Should you opt for both NPS and EPF in the new tax regime?
Published on Feb 19, 2025 09:07 pm IST

Trump sets condition for helping hurricane victims only if….

Republican presidential nominee, former U.S. President Donald Trump, speaks at a rally at the Gaylord Rockies Resort and Convention Center
Updated on Oct 15, 2024 02:25 am IST

New pension scheme for minors in Union Budget 2024: Details and how to apply

NPS Vatsalya is a plan for minors where contribution can be made by parents and guardians. The scheme will be converted to regular NPS once the child attains the age of 18. (PTI)
Updated on Jul 25, 2024 09:06 am IST

New tax regime slabs revised, standard deductions hiked by 25,000

Union Finance Minister Nirmala Sitharaman presents the Union Budget 2024-25 in the Lok Sabha, in New Delhi.
Updated on Jul 23, 2024 01:47 pm IST

TDS for influencers, on crypto transactions from July 1; Demat rules to change

The social media influencers will be liable to pay 10% TDS if they receive a product as gift and retain the same.
Updated on Jul 01, 2022 09:22 am IST

Why a home loan is one of the best tax savers you can have

There are several sections under the Income Tax Act that provide hefty deductions for those repaying home loans.
Published on Feb 07, 2020 11:18 am IST

Why now is the right time to invest in FD

The Union Budget’s announcements on personal taxation were novel and urge you, as an investor, to recalibrate your investment strategy.
Updated on Feb 06, 2020 07:14 pm IST

Industry hails increased turnover limit

HT Image
Published on Feb 01, 2020 10:57 pm IST

4 year-end investments for a merry and secured financial future

This Christmas, steer your investments towards assured growth and higher returns.
Updated on Dec 23, 2019 08:59 am IST

Don’t want to pay tax? You don’t have to

friday inance
Published on Feb 01, 2021 10:15 pm IST

On new 2% tax on cash withdrawals, CBDT clarifies fine print

CBDT said it had issued the clarification after it receiving “queries” from “the general public through social media on the applicability of this section on withdrawal of cash from 01.04.2019 to 31.08.2019”.
Updated on Aug 31, 2019 06:53 am IST

Tax details you must look out for

You should cross-check all your investment and withdrawals and the TDS details before filing your returns so that you don’t miss out on any of the tax dues.
Published on Jul 23, 2019 02:34 pm IST

Affordable housing market fails to take off, says report

Only about 29% of the total 1.39 lakh units launched across the top seven cities in India in the first six months of 2019 are affordable, found the report.
Published on Jul 23, 2019 04:13 am IST

Here’s how you can reduce your tax outgo

One should not focus on investment only to save tax. You should consider the overall financial plan and then invest.
Published on Jul 16, 2019 03:59 pm IST

Budget 2019: FM proposes additional tax deduction of 1.50 lakh on home loan interest

Those purchasing homes valued up to 45 lakh under the affordable housing scheme can avail enhanced interest deduction up to 3.5 lakh.
Published on Jul 05, 2019 02:34 pm IST

8 key changes in tax provisions announced in Budget 2019

Finance Minister Nirmala Sitharaman in her maiden Budget speech on Friday proposed many changes in income tax provisions for this year but kept income tax slab rates unchanged.
Updated on May 28, 2020 09:27 pm IST

National Savings Certificate (NSC): What you should know

NSC is a tax-saving instrument under section 80C of the Income Tax Act.
Updated on Jun 25, 2019 10:26 am IST

Assocham suggests tax sops for senior citizens

Assocham in its budget memorandum also suggested against tax deduction at source from payment of interest to senior citizens.
Updated on Jun 19, 2019 05:13 pm IST

3 changes to impact tax-filing

The I-T department has decided to issue only e-refunds from March 1, 2019
Updated on Jun 18, 2019 10:52 am IST

Decoding tax exemptions

The first exempt implies investment qualifies for exemption.
Updated on May 13, 2019 03:16 pm IST

Budget 2019: How your taxes and investments could be affected by the budget

Sniffer dogs check Budget 2019 papers on Parliament House premises in New Delhi on Friday.
Updated on Feb 01, 2019 01:29 pm IST

Never filed your income tax return before? Don’t lose time and start now

Tax department employees help government employees to help file their Income Tax Returns (ITRs).
Updated on Jun 28, 2018 11:27 am IST