I have recently bought a home on a home loan, I want to know what tax benefits are available for a salaried employee when taking a home loan. What documents do they need to keep handy? Pankaj Gadgil, MD&CEO, Aditya Birla Housing Finance says taking a home loan can provide significant tax savings. Also, the … Read more
ITR deadline: The Income Tax Department permits individuals to submit condonation requests for delayed e-verification or filing of income tax returns. Condonation of delay is the process of requesting the Income Tax Department for allowing you to verify your ITR (after 120 days of filing your ITR) or submit your ITR (after the last date of … Read more
IT Returns: Filing annual income tax returns is mandatory for all Indian citizens, with the deadline for filing returns set on July 31. Upon retirement, employees are required to pay taxes on various benefits such as pension, gratuity, and the Employee Provident Fund (EPF). In India, employers typically offer retirement benefits to their employees, with … Read more