Most taxpayers depend on the same basic data to file returns. If you have a job, your employer must provide both you and the ...

Senior citizens are given an exemption limit up to Rs 3,00,000 while very senior citizens (people above the age of 80) have a ...

A basic understanding of income tax slabs and how they change with every Union Budget can help you plan your finances better.

Usually, an employee's salary structure has HRA as one of its components. A salaried employee can claim tax exemption on HRA ...

The filing of income tax return (ITR) is compulsory for those individuals whose annual income is above the basic exemption ...

However, if Sarah and Mark complete Form 17, Sarah would pay higher-rate tax at 40pc on rental income of £3,000 (£1,200) ...

The DWP has made new figures available, showing that the State Pension currently gives a regular income for 13 million older people across the UK, with some able to claim extra support ...

The 'Over 80 Pension' is a payment available to those who have reached the UK Government's eligible retirement age, which is currently 66 for both men and women ...

How much tax will I pay? If you're a basic-rate taxpayer, what you pay in tax accounts ... receiving a pension and other forms of income, such as from letting a property. Your taxable income is the ...

However, people over 80 who have no Basic State Pension income or have a weekly income of less than £105.70 each week, could be due extra money to help them with daily living expenses. The ‘Over 80 ...