NSC (National Savings ... to file your tax return under the new tax regime (also the default regime), then you are not entitled to claim any of these deductions. Also Read | Income Tax: You ...

Here are five primary income tax-saving investment plans that can get you fit financially and enable you to maximise tax returns. Public Provident Fund (PPF) is a long-term saving scheme ...

In other words, let’s immediately get it out there and say that you can’t reduce your taxable income by saving in a 529 plan. However, and this is a good thing, you can find some tax ...

Taxpayers seeking to optimise their savings for the fiscal year 2024-25 still have opportunities available. One such option is utilising Section 80G of the Income Tax Act to claim deductions for ...

Use an income tax calculator or consult a tax expert to understand your position and identify savings opportunities. If you’ve earned additional income (like interest or freelance earnings) not ...

1,50,000 annually under Section 80C of the Income Tax Act, 1961. The PPF is a government-backed long-term savings scheme. The government has kept the interest rate for the Public Provident Fund ...

The IRS announced over 1 million taxpayers have unclaimed tax refunds for 2021, totaling over $1 billion. The median refund amount is $781, and the deadline to claim it is April 15 of the current ...

By opening a 529 savings account, you may be able to reduce future out-of-pocket costs and get a tax break on your state income tax return. You aren't necessarily limited to your state's 529 plan ...

This Is Money and MailOnline's tax calculator ... income on top are now liable to pay income tax. The stealth tax freeze to thresholds also hits savers, dragging more of people's savings interest ...

This can be claimed under Section 80G. What is Section 80G of the Income Tax Act? Section 80G of the Income Tax Act allows individuals, companies and firms to claim tax deductions on donations ...

Tax credits A benefit that lowers your taxes owed by the amount of the credit. This calculator ... saving them money. The IRS allows you to deduct a litany of expenses from your income, but ...