Retired employee got Rs 13 lakh as leave encashment; tax dept denies tax exemption; ITAT Jaipur applies Rs 25 lakh leave ...

Most states offer at least one tax break to retirees but some exempt multiple forms of retirement income and eight states ...

The fact is that military retirement pay is taxable at the federal level, while disability compensation benefits and disability retirement pay are generally exempt. Additionally, most states don't tax ...

Overview Investors can build a retirement corpus while enjoying tax relief via the Public Provident Fund (PPF) and the ...

Proactively reviewing your health coverage, RMDs, and IRAs can lower retirement taxes in 2025 and 2026. Here’s how.

Find best methods to reinvest your gratuity and PF once you retire. Find out how secure, tax-efficient options may help ...

The Employees’ Provident Fund (EPF) serves as a long-term financial safety net for salaried individuals, ensuring they have sufficient savings after retirement. However, many employees are often ...

Learn smart ways to reduce taxable income after 60. Explore tax exemptions, Section 80TTB, SCSS, PMVVY & new vs old regime tips for retirees.

Reeves is also reported to be examining changes to pension tax relief – the system that currently allows people to receive ...

More than 8,800 people have signed an online petition urging the UK Government to introduce a new tax code specifically for people over State Pension age. Petition creator Timothy Hugh Mason proposes ...

The ITAT Mumbai deleted the penalty imposed on Bharatkumar Jaishinh Soni, ruling that his claim for full leave encashment exemption was a bona fide legal interpretation, not a deliberate misreporting ...

Manchester City Council has updated its Discretionary Council Tax Policy (DCTP) to offer a 100% council tax discount to residents who are terminally ill. To qualify, a person must have a ‘progressive ...