All stories by Bindisha Sarang
Check Form 26AS Before Filing Tax Return
Rediff.com17 Jul 2023'Don't wait until the last minute. Instead, cultivate the habit of monitoring your Form 26AS throughout the year.'
Respond to I-T Notice Within 21 Days
Rediff.com3 Jul 2023If you have any grievances or disputes regarding the demand stated in the notice, consider seeking professional help.
Tick Insurance Option On IRCTC Portal
Rediff.com29 Jun 2023Only a small percentage of passengers who traveled on the trains involved in the June 2, 2023 accident in Odisha had availed of travel accident insurance while booking their tickets online on the IRCTC portal.
Women Must Have Cover 10 Times Their Income
Rediff.com20 Jun 2023'If something unfortunate happens to an earning member, the family loses the crucial income which would have gone towards paying off debts, meeting the cost of children's higher education, or towards the upkeep of elderly parents.'
What To Check In Your Form 16
Rediff.com14 Jun 2023Employees should review the accuracy and completeness of the information provided in Form 16. They should confirm that all the tax deducted has been credited correctly.
How To Handle Money Issues After Layoffs
Rediff.com7 Jun 2023Begin by creating a household budget. Involve all family members in the exercise and cut costs wherever possible.
Alert! Cheque Bounce May Land You In Jail
Rediff.com18 May 2023Keep sufficient funds in your bank account until the cheque is cleared.
Why Travel Insurance Is A Must
Rediff.com16 May 2023If your flight is cancelled or delayed or you miss one, a travel insurance policy can cover the costs at such times and help you book a new one.
Buying A Joint Property? Know Tax Rules
Rediff.com11 May 2023'Individuals can consider dividing ownership of properties between related persons to ensure that the sale transactions are below the Rs 50 lakh limit and therefore not subject to TDS.'
Donations to lower tax slab can make taxman see red
Rediff.com2 May 2023The Income-Tax (I-T) department has issued around 8,000 notices to salaried employees, self-employed individuals, and companies who made significant donations to charitable trusts. The department suspects potential tax evasion, as records of these donations do not correspond with the income and expenses of those making them. Sandeep Bajaj, managing partner, PSL Advocates & Solicitors, says, "Notices were issued for donations made during the assessment years of 2017-18 through 2020-21."
Differing Tenures FDs: Time To Lock In
Rediff.com2 May 2023Instead of only focusing on the tenure for which the best interest rate is available, investors should also focus on their own investment horizon.
Confused About Buying Or Leasing A Car?
Rediff.com26 Apr 2023The advantage of leasing is that you can get a new car every few years. You can also get to drive a high-end car without paying its entire price.
How Family Can Help You Save Taxes
Rediff.com20 Apr 2023Did you know that an individual can, in addition to the tax benefits she/he is entitled to, also leverage the benefits available to family members to reduce this liability?
What You Must Know About Advance Tax
Rediff.com21 Mar 2023Salaried persons whose liability is fully deducted as tax deducted at source by their employer need not worry about advance tax payments, unless they have other sources of taxable income.
Women, Take Charge Of Your Finances!
Rediff.com17 Mar 2023There are millions of Indian women who avoid the responsibility of managing their finances due to a variety of reasons, including cultural and social conditioning.
NPS: Best For Retirement, Tax Saving
Rediff.com6 Mar 2023NPS is a cost-effective instrument with low fund management and other fees. Unlike in mutual funds, investors get the benefit of tax-free rebalancing here.
Leave Encashment: What You Must Know
Rediff.com17 Feb 2023'The number of leave accumulated sometimes goes up to 300.' 'The encashed amount is equivalent to almost 10 months' salary.'
Old Or New Tax Regime: Which Is Better?
Rediff.com13 Feb 2023'If a taxpayer opts for the new tax regime once, he can only switch back to the old tax regime once in his lifetime.'
New tax regime can help you save more in taxes. Here's how
Rediff.com10 Feb 2023Several changes were made to the new income-tax regime in Budget 2023. The old income-tax regime was not tinkered with and is still available.
Want To Rent Your Place? Read This
Rediff.com3 Feb 2023Don't download a rent agreement from the Internet or sign blindly on one prepared by the broker.