How the rich save taxes?
A peek into how the rich save taxes—featuring smart strategies explained with examples to help you keep more of what you earn.
Tax
I am a tenant with an NRI landlord. I’ve been informed that the TDS on my rent will be deducted at 30%, but I believe my landlord’s tax liability could be lower. Can I apply for a reduction in TDS, and if so, how?
Yes, as a tenant paying rent to an NRI landlord, you are required to deduct TDS at the rate of 30% on rent payments. However, if your landlord's actual tax…
What steps can I take to reduce TDS on my salary, and how can I claim deductions for taxes already paid on other incomes?
To reduce TDS on your salary and manage your taxes better, follow these steps: •Declare Tax-Saving Investments: Inform your employer about your investments like PPF, NPS, or insurance plans that…
Can I avail home loan tax benefits on a second home purchase in Bengaluru while forgoing benefits on my first loan, which has been substantially repaid?
Yes, you can avail home loan tax benefits on a second home purchase in Bengaluru, even if your first loan is almost paid off. The tax laws don’t restrict you…
The Break-Down of Income Tax Changes 2025!
Explore the 2025 income tax changes, new slabs, rebates, savings breakdown, and key updates to understand how they impact your taxes and financial planning.
What Changed in Income Tax in 2024 and How Will It Impact Your ITR Filing in 2025?
Discover the key income tax changes in 2024 and how they’ll impact your 2025 ITR filing. From new tax slabs to higher deductions, Here's everything you need to know!
HRA
Rent helps you save tax! Yes, say thanks to the IT department for a provision to help you save tax on your rent. Check this out for the deets!
I just joined Infosys recently and I am a complete fresher in income tax. What does assessment year and financial year mean?
In India, there are three types of years. There are normal birthdays that you celebrate. That is the year that you consider aging is called the calendar year. It starts…
No-Claim Bonus
Buy + no use = Rewards? Yes, the insurance companies are crazy! They reward you for not claiming your insurance. Here’s how it works!
My landlord is refusing to give his PAN card number. Can I still claim HRA?
If you’re paying an annual rent of more than 1 lakh rupees, then compulsorily you will have to submit your landlord PAN to your employer so that your employer deduct…
Can I claim HRA tax exemption and deduction on home loan interest as well at the same time?
Yes, Reshma, you can claim both HRA and home loan interest deductions under specific conditions: If you have a house loan and live in a rented home in a different…
How to save tax using exemptions and deductions?
Do you like paying taxes? Nobody does! Though you can't stop paying tax, this guide will definitely help you save more and pay lesser tax.
How your Family can help you save Tax?
From health insurance and medical expenses to tuition fees and education loans, discover how your parents, spouse, and children can help you save on taxes!
I just joined Infosys recently and I am a complete fresher in income tax. What does assessment year and financial year mean?
In India, there are three types of years. There are normal birthdays that you celebrate. That is the year that you consider aging is called the calendar year. It starts…
My landlord is refusing to give his PAN card number. Can I still claim HRA?
If you’re paying an annual rent of more than 1 lakh rupees, then compulsorily you will have to submit your landlord PAN to your employer so that your employer deduct…