The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from ...

Tax deduction under Sections 80TTA and 80TTB remains unchanged. Individuals, Hindu Undivided Family (HUF) and pensioners who were expecting a hike in tax deduction under Sections 80TTA and 80TTB had ...

Fixed deposits (FDs) remain a popular choice for investors seeking safety and steady returns. But while they are considered “safe,” experts warn that safety does not necessarily mean tax efficiency.

Budget 2025: Senior citizens as well as younger individuals want tax deduction on fixed and savings deposit interest to be hiked Individual tax-payers, particularly senior citizens, are hoping that ...

Section 80TTB of the Income Tax Act allows senior citizens to claim a deduction on the interest earned from deposits in banks, co-operative banks, and post offices, thereby reducing their tax ...

New income tax benefits for senior citizens: They will get higher interest income exemption limit on deposits in banks and post offices. New income tax benefits for senior citizens: They will get ...