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NEW DELHI -- No tax would be deducted at source for PF withdrawals of up to Rs 50,000 from 1 June. The government has notified raising the threshold limit of PF withdrawal for deduction of tax (TDS) f...
Your good deed in donating to a charity will not go without reaping you rich rewards, not only in metaphysical terms but also financially. In India, the Income Tax Act has certain provisions which offer tax benefits to donors in order to encourage more philanthropic donations. One such section is Section 80G, with its different sub-sections. However, availing of tax benefits is subject to certain conditions. Here are a few pointers.