If you do not choose the tax regime thoughtfully and state it in the investment declaration to the employer, higher TDS may ...

Pay Advance Tax, if Required – If the total tax liability exceeds Rs. 10,000 (after considering deductions and rebates), the ...

It is essential to inform your employer of your preferred tax regime on time to ensure that less tax is deducted from your ...

Taxpayers contemplating hiking rent paid to parents to maximise tax benefits need to be cognisant of the fact that ...

Senior citizens have an effective tool in Form 15H, which can help them prevent Tax Deducted at Source (TDS) deductions on interest earned from fixed deposits exceeding Rs 1 lakh. Under the new ...

If the old regime is better for you, and you have invested heavily under Section 80C, but don’t inform your employer, more tax might be deducted from your salary during the year.

Some are drawn to the lower tax slabs offered by the new tax regime, while others prefer the old tax regime for the deductions and exemptions it allows. Here are some situations where opting for ...

Not all tax-saving allowances are created equal. Some more than others can provide substantial tax benefits, significantly impacting your take-home salary and tax outgo. Mint helps you understand ...