Tax Deduction

Long-term capital gains tax, other Budget proposals to kick in on 1 April

Other tax proposals like the reduced corporate tax of 25 percent on businesses logging a turnover of up to Rs 250 crore will come into effect from 1 April.

Infosys COO's salary hike: Narayana Murthy was right in raising issue, it holds good for corporate India too

Pravin Rao, COO, an Infosys veteran whom Murthy had recruited in the '80s, was given a spectacular raise from Rs 4.5 crore a year to Rs 7 crore a year.

Warren Buffett hits back at Donald Trump's tax deduction claims; releases tax details

Investor Warren Buffett says he's never used the kind of tax deduction that Republican presidential candidate Donald Trump did

Beware of tax deduction emails: Scammers impersonating Income Tax Dept to push malware

Cybercriminals are targeting India, US and other countries with fraudulent "tax deduction" emails to steal information, security software firm Symantec said.

For middle-class to benefit, infra bonds should be tax deductible, not tax-free

Jaitley has given the benefits on a platter to the money bags while thumbing his nose at the middle class

You can get up to Rs 1 lakh as tax benefits for your kid's tuition fees

You can claim tax deduction only for full time courses, at any college, school, university or educational institution in India but not for private tuition fees you pay for your child's education.

Did you know that you get tax benefits for treating certain illnesses?

Keeping medical expenses in mind, the Indian Income Tax Act's section 80 DDB, allows certain tax deductions you can claim when you spend towards treatment of certain diseases. To know more, read on.

FYI: Education loan gives you a tax deduction for eight years

If you've taken an education loan, you have reasons to cheer because you get double benefit from it. On the one hand, it gives you or your child a chance for good education and on the other it offers a tax benefit.

Relief for home-loaners, FM to double tax deductions

The government is considering raising the tax exemption for up to Rs 3 lakh paid as interest on housing loans in a year, from the existing limit of Rs 1.5 lakh