Income from House Property and Taxes Owning a house not only provides shelter but also can generate income in the form of rent. Understanding the taxation aspects of such...
Clubbing of Income Under the Income Tax Act In India, it’s common to hear suggestions like, “Take payments in your spouse’s name to save tax.” This is because India...
Income Tax on Lottery, Game Show, and Online Game Winnings in India Winning a lottery or a game show can be a thrilling experience, but it’s essential to understand...
Tax on Gifts received Gift-giving is an integral part of Indian culture, often reflecting deep-rooted traditions and social customs. While most gifts are of nominal value, some, such as...
Deemed Dividend under Section 2(22)(e) of the Income Tax Act, 1961 Dividends are a method by which companies reward their shareholders, typically paid out of the company’s profits and...
Tax on Dividend Income Dividend income is a popular source of passive earnings for many investors. Whether you hold shares in a multinational corporation or a small startup, understanding...
How to Pay Income Tax on Fixed Deposit Interest Income Fixed Deposits (FDs) are popular for their guaranteed returns and capital protection. They also help you take full advantage...
ESOPs: How They Work, Benefits, Costs, and Tax Implications ESOPs, or Employee Stock Ownership Plan, is a program that provides a company’s workforce with an ownership interest in the...
Income Tax Exemption on Gratuity Gratuity, a benefit provided by employers to employees, has recently undergone a significant amendment. The maximum tax exemption limit for gratuity has been increased...
Standard Deduction for Salaried Individuals in New & Old Tax Regime Taxation often feels like a complex puzzle, but understanding the basics can make a world of difference, especially...
