How to save tax or rather how to plan your investment is a question that bothers each one of us. While tax planning is crucial, tax saving schemes are also essential. You can save tax and earn returns with the...

If you are planning for your tax saving, then a good option would be to invest in Health Insurance. Not only does it reduces your taxable income but also, provides you protection against the rising medical expenses. How much deduction...

Special Exemptions on Capital Gains on Sale of Immovable Property: The Government of India provides some exemptions on long-term capital gains arising from the sale of immovable property like houses, apartments, etc. For instance, you purchased a flat in May...

Income tax is levied on all individuals, HUFs, partnership firms, LLPs, and corporations as per Income Tax Act. If an individual's income exceeds the minimum threshold limit, they are subject to a slab system of taxation (i.e. basic exemption limit)....

How To Determine NRI Status for an Individual? The income tax for NRI depends on their residential status and accrual of income from India. By definition, an NRI is a person of Indian origin or a citizen who does not...