The US dollar index is used to measure the relative strength or value of the United States dollar (USD) against six major foreign currencies used by US trade partners. US dollar index is one of the most popular currency indexes followed worldwide. USD is known as the … Read More » about What Is the US Dollar Index and why should you track it?
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Income Tax
Tax deduction to senior citizens on interest from deposits – Section 80TTB
In finance budget 2018, government has introduced section 80TTB to provide tax benefits to senior
Advance tax payments and due dates for financial Year 2023-24 (AY 2024-25)
Advance payment of tax in another form of collection of tax in addition to deduction of tax at
Tax Deduction for medical and health insurance-Section 80D
Section 80D of the Income tax act, 1961, allows an individual and HUF to claim deduction out of
Income tax slab rates for the financial year 2023-24 (AY 2024-25)
For the financial year 2023-24 (assessment year 2024-25), an individual has two choices. They can
Tax deduction for interest paid on education loan – Section 80E
Do you know, an education loan not only helps you to fund your higher education but also provides
5 Common tax saving mistakes to avoid
Very few taxpayers know how to invest in order to get tax benefits; others come to know when their
Tax deduction on house rent – Section 80GG
Tax deduction on house rent paid for furnished or unfurnished accommodation can be claimed if an
Belated Income tax return for FY 2022- All you need to know
Belated means late or occurring later than the usual time. When someone says a belated return, this
10 documents required by salaried persons to file a tax return
In this article, we will tell you the 10 most important documents required to file your income tax
When your income is chargeable to tax under the head salaries
Income under the head salaries is the first and the most important head for individuals. In this
Tax Deduction for medical treatment of dependent with disability-Section 80DD
An individual who is resident in India can claim tax deduction in respect of maintenance including
10 mistakes to avoid while filing Income Tax Return for FY 2023-24
With the concept of e-filing, more and more taxpayers are finding it easy in filing their income tax
Income tax return form – How to choose the right ITR for tax filing
Every year, Income tax return (ITR) forms are notified based on certain factors like nature of
Consequences of Late or Non Filing of the Income Tax Return
Every individual liable to pay tax in India is required to file Income Tax Return before the due
Tax deduction for Disabled Individuals – Section 80U
A resident individual suffering from permanent physical disability or mental retardation including
How to claim tax deduction on tuition fees
Tuition fees paid to a university, college, school or educational institution located in India for
Tax deduction for medical treatment of specified diseases-Section 80DDB
Section 80DDB of the Income tax act, 1961, gives tax benefits to an individual and a Hindu undivided
Tax deduction at source (TDS) in respect of income from mutual fund – Section 194K
Section 194K has been inserted with effect from 1st April 2020 by our FM Nirmala Sitharaman. This
Key changes to new income tax regime FY 2023-24 (AY 2024-25)
Every year in the union budget an annual financial statement is presented by the finance minister in
How to get Income tax rebate up to Rs 25,000 U/S 87A
To provide tax relief to the individual taxpayers who are in lower income brackets, the government