PPF has fetched 8% interest rate since October Senior Citizens Savings Scheme and Sukanya Samriddhi account may continue to fetch higher interest rates than other small savings schemes

PPF accounts can be extended beyond 15 years, with or without making further contribution Partial withdrawal is allowed from PPF accounts and while premature closure is allowed in specific cases

Taxpayers would like to know their entitlement to deductions towards the payments for housing accommodation and their entitlement for house rent exemption. Here's how the tax works out.

When you invest in an FD, the principal amount is invested at a fixed interest rate and you gain interest on your deposits, which accrues and grows over time.

If one fails to declare such ‘income’ in the ITR, it could lead to reassessment under Section 147 of the Income Tax Act.

The process has become almost entirely electronic. You must use the correct forms and report the exact details of income as well as deductions

As per the provisional accounts prepared, the corporations’s total premium income- new premium and renewal premium- was Rs3,37.200crore showing a growth of 6.08 per cent while the total benefits paid amounted to Rs2,50.900 crore growing by as much as 26.62 percent.The corporation had mobilised a total new premium of Rs41,086.31crore in 2018-19

Filing ITR on time is beneficial in many ways while keeping you tax-compliant. Here's all you need to know.

As per the Income Tax rules, leave encashment is taxable as a salary if you receive it while in service.