Renu Yadav

If we assume that the price of cigarettes will rise at the rate of 10 per cent, a 25-year-old smoking 10 cigarettes a day today would have smoked cigarettes worth Rs 1.27 crore by the time he/she turns 60.

If you are a salaried person who switched jobs or left the typical 9-to-5 job to start something of your own, chances are good that you might have missed to transfer or withdraw your provident fund money.

Interest on bank fixed deposit is fully taxable. Banks are liable to deduct TDS at the rate of 10 per cent on the interest earned, if the interest income for the year is more than Rs 10,000.

Vijay Shekhar Sharma, 38, is the richest entrepreneur in India below the age of 40, according to Hurun's India rich list for 2016. The net worth of Paytm's founder jumped 162 per cent in the past one year to Rs 7,300 crore, says the report.

An interest rate of 9.50 per cent per annum on a fixed deposit may look attractive to many at a time when most of the commercial banks are offering an interest rate of 7-7.5 per cent.

August 31 is the last day to clear the pending tax returns of the six assessment years between 2009-10 and 2014-15.

Many people buy life insurance policies just to save tax as the premium paid is eligible for deduction under Section 80C

On the recommendation of Seventh Pay Commission, the government has increased the gratuity limit to Rs 20 lakh from Rs 10 lakh. This is good news for government employees as they will get more money on retirement.

Many people fail to file their income tax return on time despite extension of deadline. This year the government extended the tax-filing deadline to August 5, though July 31 typically is the last date.

Banks fixed deposits are among the most popular instruments among Indians as they provide fixed-guaranteed return. Though safety of capital and guaranteed returns are the two virtues of bank fixed deposits, tax inefficiency takes the charm away from them. The interest earned on fixed deposits is fully taxable.

In Seventh Pay Commission bonanza, lakhs of central government employees will soon receive higher salaries and arrears in one go. This may result in an increase in the tax slab of many employees as they will receive arrears from January 1, 2016.

Most of you must be aware that if you are residing in a rented accommodation and your company is giving you house rent allowance (HRA) as a part your salary, you can claim HRA deduction equivalent to the least of the following:

To check tax evasion, the income tax department has stepped up its vigilance against undeclared income.

Banks deposits are one of the most popular investments among Indians. Yet many people are not aware of some of the rules, particularly pertaining to the taxability of interest income.

In what could be a big setback to the common man, interest rate on one of the most popular small saving schemes - public provident fund (PPF) - could fall below 8 per cent, a level never seen since 1979.

If we assume that the price of cigarettes will rise at the rate of 10 per cent, a 25-year-old smoking 10 cigarettes a day today would have smoked cigarettes worth Rs 1.27 crore by the time he/she turns 60.

If you are a salaried person who switched jobs or left the typical 9-to-5 job to start something of your own, chances are good that you might have missed to transfer or withdraw your provident fund money.

Interest on bank fixed deposit is fully taxable. Banks are liable to deduct TDS at the rate of 10 per cent on the interest earned, if the interest income for the year is more than Rs 10,000.

Vijay Shekhar Sharma, 38, is the richest entrepreneur in India below the age of 40, according to Hurun's India rich list for 2016. The net worth of Paytm's founder jumped 162 per cent in the past one year to Rs 7,300 crore, says the report.

An interest rate of 9.50 per cent per annum on a fixed deposit may look attractive to many at a time when most of the commercial banks are offering an interest rate of 7-7.5 per cent.

August 31 is the last day to clear the pending tax returns of the six assessment years between 2009-10 and 2014-15.

Many people buy life insurance policies just to save tax as the premium paid is eligible for deduction under Section 80C

On the recommendation of Seventh Pay Commission, the government has increased the gratuity limit to Rs 20 lakh from Rs 10 lakh. This is good news for government employees as they will get more money on retirement.

Many people fail to file their income tax return on time despite extension of deadline. This year the government extended the tax-filing deadline to August 5, though July 31 typically is the last date.

Banks fixed deposits are among the most popular instruments among Indians as they provide fixed-guaranteed return. Though safety of capital and guaranteed returns are the two virtues of bank fixed deposits, tax inefficiency takes the charm away from them. The interest earned on fixed deposits is fully taxable.

In Seventh Pay Commission bonanza, lakhs of central government employees will soon receive higher salaries and arrears in one go. This may result in an increase in the tax slab of many employees as they will receive arrears from January 1, 2016.

Most of you must be aware that if you are residing in a rented accommodation and your company is giving you house rent allowance (HRA) as a part your salary, you can claim HRA deduction equivalent to the least of the following:

To check tax evasion, the income tax department has stepped up its vigilance against undeclared income.

Banks deposits are one of the most popular investments among Indians. Yet many people are not aware of some of the rules, particularly pertaining to the taxability of interest income.

In what could be a big setback to the common man, interest rate on one of the most popular small saving schemes - public provident fund (PPF) - could fall below 8 per cent, a level never seen since 1979.