Written by : Knowledge Center Team
2025-12-27
11041 Views
15 minutes read
Share
The full form of TDS is Tax Deducted at Source. You may have experienced TDS in various forms, such as bank FDs, salary payments, and vendor payments, as TDS seems to infiltrate everywhere. Normally, TDS means an advance tax withheld by the payor from your income, whichever form it is.
So, it ends up reducing your income. Therefore, it should be an important focus when looking to save tax. However, does it mean you do not need to file an income tax return? Or can the deduction benefit you anywhere? Let’s find out.
Key Takeaways
|
What is the Meaning of TDS?
TDS or Tax Deducted at Source is an income tax that is collected from certain payments like rent, salary, commission, interest, professional fees, etc. The person paying the amount should deduct TDS from such a payment.
As per the Income Tax Act, any company or a person is required to deduct tax at the source itself if the money paid exceeds the specified limit. The person who receives a payment also has a liability to pay tax on their income.
The payee will receive credits against the TDS payments, which they can claim against their actual tax liability while filing the annual ITR.
The purpose of TDS may have been to reduce the chances of tax evasion by the recipient of the income. But, for an honest taxpayer, it also brings a few benefits.
Maximize Your Tax Savings - Talk to an Expert
Enter OTP
An OTP has been sent to your mobile number
Didn’t receive OTP?
Application Status
Name
Date of Birth
Plan Name
Status
Unclaimed Amount of the Policyholder as on
Name of the policy holder
Policy Holder NamePolicy No.
Policy NumberAddress of the Policyholder as per records
AddressUnclaimed Amount
Unclaimed Amount
Sorry ! No records Found
Request Registered
Thank You for submitting the response, will get back with you.
What are the Different Types of TDS in India?
Even when you are making payments as an individual taxpayer, you need to deduct TDS on certain payments. The following are the types of payments that attract TDS:
| Category | Description | Example |
|---|---|---|
| Salary & Wages | Income received for regular employment | Salary Transfer |
| Professional Fees | Fees earned for professional services | Professional Fee |
| Consultation Fees | Fees charged for providing advice or expertise | Consultation Fee |
| Rental Income | Income received from renting property | Rent Payments |
| Commissions & Brokerage | Payments earned for facilitating transactions | Commission to agents, brokerage on deals |
| Investment Income | Earnings from invested funds | Interest on Securities & Deposits, Dividend on company shares and mutual funds |
| Winnings | Money won through games or competitions | Lottery, lucky draw and similar winnings |
| Royalty Income | Payments received for the use of intellectual property | Payment of Royalty |
| Director's Remuneration | Compensation paid to company directors | Director’s Remuneration |
| Property Sales | Income from the sale of property | Transfer of Property |
| Other Interest | Interest income not covered elsewhere | Interest on loans given to others |
What is a TDS Return?
TDS return is one way of minimising your taxable income. It is a return filed for tax deducted at source. The return is filed every quarter. It is done through a separate form depending on the nature of the payment.
You may make multiple payments to different parties for their services during the year. If the total payment to any one party crosses the limit specified under Sections 192 to 195 of the Indian Income Tax Act, you must deduct the applicable TDS.
Once TDS is deducted, it must be deposited every quarter along with the corresponding TDS return. The form you file will depend on the type of payment and the section under which it is covered.
Example of Tax Deduction at Source
TDS has to be deducted at the applicable rates only. Let us understand it through an example. Rent paid to a resident individual or HUF attracts 2% TDS when the monthly rent exceeds ₹50,000.
If you are living in a rented house and paying ₹70,000 per month, you need to deduct ₹1,400 as TDS before making the payment. You will then pay ₹68,600 to the property owner and deposit the deducted TDS amount with the CBDT in the relevant quarter.
Similarly, a firm may deduct TDS on the fees payable to a consultant for the professional services at 10%.
How Does TDS Income Tax Work, and Who Can Deduct it?
TDS ensures that tax is collected gradually, making it easier for the government to track and manage income tax payments. For salaried individuals, TDS is calculated based on the income slab applicable to their total earnings. The employer is responsible for deducting the TDS from the salary and depositing it with the government. The employer estimates the total expected income of the employee for the year, adjusting for bonuses, salary hikes, and submits investment proofs aimed at tax saving.
For other forms of income, such as rent, interest, or contract payments, the TDS rate is determined by the nature of the income, not the amount received. This means that different types of payments have different TDS rates as defined by the Income Tax Act.
Pro Tip: Keep track of any changes in your income, like bonuses or additional investment declarations, throughout the year to avoid a hefty TDS deduction in the final quarter. Planning ahead with tax-saving investments starting in April can help adjust TDS rates early and minimise surprises.
Remember, the person making the payment is responsible for deducting the TDS and depositing it with the government. If the payer doesn’t have the recipient’s PAN, TDS is deducted at a higher rate of 20%.
Did You Know?
The regulation of a 20% TDS deduction in the absence of the recipient’s PAN is governed by Section 206AA of the Income Tax Act 1961
Source: Incometax India
Benefits of TDS for Taxpayers and Government
TDS is designed to make tax collection easier and more efficient for everyone involved. By deducting tax at the time of payment, it creates a structured system that supports taxpayers, ensures transparency, and strengthens the country's financial management. TDS offers multiple advantages for both taxpayers and the government in the following manner:
- For Taxpayers: TDS simplifies the tax process for individuals by reducing paperwork and spreading tax payments throughout the year. Here are the benefits of TDS for taxpayers:
- Hassle-Free Tax Payments: Automatic deductions throughout the year reduce the burden of manual payments.
- Reduces Year-End Tax Liability: TDS paid throughout the year can lower the final tax due.
- Avoids Late Payment Penalties: TDS helps prevent penalties by ensuring timely tax payments.
- Manages Financial Burden: Spread-out payments make it easier to manage finances compared to a lump sum payment.
- Simplifies Multiple Income Sources: TDS on various incomes reduces the complexity of filing taxes.
- For the Government: For the government, TDS acts as a dependable mechanism for collecting taxes in a timely manner. The government enjoys the following benefits through TDS collection:
- Steady Revenue Flow: TDS ensures consistent funding for essential services like defence and social programs.
- Prevents Tax Evasion: Deducting tax at the source helps combat fraud and increases compliance.
- Ensures Transparency: Taxpayers can trust the accuracy and tracking of their contributions.
- Stable Income Source: TDS acts as a reliable income stream for the government, supporting economic stability.
How Does TDS Benefit You?
Tax Deducted at Source (TDS) acts like a pay-as-you-earn scheme for income tax. Overall, TDS can be a helpful tool for managing your tax burden and avoiding penalties. But remember, it's still crucial to understand your tax obligations and file your return accurately. Here's how it benefits you:
- Reduces Your Tax Liability at Year-End: The TDS already deducted from your income is pre-credited when you file your income tax return. This means you've already paid some of your taxes throughout the year, potentially reducing your final tax liability.
- Avoids Late Payment Penalties: If your final tax liability is low or zero, you won't be penalised for late tax payments. You can also apply for a nil TDS certificate online.
- Reduces Tax Burden: TDS spreads out your tax payments throughout the year, making it potentially easier to manage your finances than a large lump sum payment at tax filing time.
- Simplifies Tax Filing: With TDS already deducted, your income tax return might be less complex, especially if you have multiple sources of income where TDS applies.
When Should TDS be Deducted, and Who is Liable to Deduct it?
Any person, including an individual, HUF (Hindu Undivided Family), firm and NRIs (non-resident Indians), is required to deduct tax at source (TDS) if a payment falls under the heads of income or specific provisions outlined in the Income Tax Act, 1961.
Individuals and HUFs are generally not required to deduct TDS unless explicitly specified under the Act.
Key scenarios where TDS applies:
- If you are paying rent of more than ₹50,000 per month as an individual or HUF taxpayer, you need to deduct TDS at 2%. This applies to all Individual and HUF taxpayers regardless of whether your books need an audit.
- Employers must deduct TDS from the salary of those employees whose income exceeds the maximum exempt limit. Employees can submit proof of tax-saving investments and expenses to reduce the TDS amount of the employer.
- Banks will deduct TDS at 10% from the interest payments on fixed deposits. However, if your annual income is below the maximum exempt threshold, you can submit Forms 15G and 15H to avoid this deduction.
- You can claim the excess TDS deducted by the employer, banks or any other entity at the time of filing your annual income tax return.
Types of Payments Exempt from TDS
While Tax Deducted at Source (TDS) applies to a wide range of incomes, certain payments are exempt if they fall below prescribed limits. These exemptions are designed to ease compliance for taxpayers with smaller earnings and ensure that only substantial payments are brought under the TDS net.
For instance, interest earned on bank deposits up to a specified threshold, rent payments below a certain limit, or even cash withdrawals within the permissible ceiling, do not attract TDS. Similarly, individuals and HUFs making payments to professionals, contractors, or for goods are not required to deduct TDS if the aggregate value of the payments remains within the exemption limit.
Knowing these exemptions can help taxpayers avoid unnecessary deductions, reduce refund hassles, and plan cash flows more efficiently.
How and When to File TDS Returns?
You will need to use the appropriate form based on the type of payment on which TDS has been deducted. Corporations and payers paying NRIs usually need to file TDS returns every quarter.
Other payments will require a TDS return within a stipulated time as per the table below:
| Transactions reported in the return | Due date | Form |
|---|---|---|
| TDS on Salary | Q1: 31st July Q2: 31st October Q3: 31st January Q4: 31st May of Next Year | Form 24Q |
| TDS on all payments made to non-residents except salaries | Q1: 31st July Q2: 31st October Q3: 31st January Q4: 31st May of Next Year | Form 27Q |
| TDS on the sale of property | 30 days from the end of the month in which TDS is deducted | Form 26QB |
| TDS on rent | 30 days from the end of the month in which TDS is deducted | Form 26QC |
In order to file a TDS online, you will need a TAN or Tax Deduction & Collection Account Number to file a TDS return. Follow the process below to file your TDS return online:
- Register your TAN number for e-filing
- Prepare your TDS return using one of the online portals. You can log in to www.incometax.gov.in to generate a TDS payment challan.
- Log in to the net banking and pay the collected due TDS amount.
- You can use a valid DSC (Digital Signature Certificate) to e-file and verify your online TDS return.
While filing TDS, you also need the payee's PAN and bank account details. If the payee’s PAN is linked with Aadhaar, you can upload your returns using the Electronic Verification Code (EVC).
Forms Required for TDS Return Filing
Filing a TDS return requires submitting specific forms to ensure compliance with tax regulations. Below is a list of the key forms involved in the TDS return filing process:
- Form 24Q: This form is used to file TDS for salaries paid by employers to employees. It includes details of TDS deductions, employee information, and tax payments made to the government and is submitted quarterly.
- Form 26Q: This form reports TDS on payments other than salaries, such as interest, rent, or contract payments. It covers various types of income, including payments to professionals or vendors and is submitted quarterly.
- Form 26QB: It contains details of TDS deducted on income from the transfer of immovable property (excluding agricultural land) and must be submitted within 30 days from the end of the month when the deduction is made.
- Form 26QC: This form contains details of TDS deducted on rent payments and must be submitted within 30 days from the end of the month when the deduction is made.
- Form 27Q: This form is used to report TDS on income such as interest, dividends, or other sums paid to non-residents, and it is submitted quarterly.
Due Dates for TDS Filing
Taxpayers are required to submit TDS return forms based on different dates and quarters as mentioned below:
Quarter | Quarter Period | Form Filing Last Date |
Quarter 1 | 1st April to 30th June | 31st July |
Quarter 2 | 1st July to 30th September | 31st October |
Quarter 3 | 1st October to 31st December | 31st January |
Quarter 4 | 1st January to 31st March | 31st May |
TDS Rates for Various Regular Payments
Tax Deducted at Source (TDS) is applicable to a wide range of regular payments. Here's a quick look at the prevailing TDS rates for different payment types.
| Type of Payment | Sections | TDS Rate |
|---|---|---|
| Salaries | 192 | Applicable Slab Rates + Cess |
| Interest from Securities (Bonds & Debentures)* | 193 | 10% |
| Interest on deposits* | 194A | 10% |
| NSC Maturity Value* | 194EE | 10% |
| Sale of Mutual Fund Units back to Mutual Fund# | 112A | 20% |
| Payment for Professional Services* | 194J | 10% |
| Rent Payment by Individuals Over ₹50,000 p.m. | 194IB | 2% |
| Lottery & Other Types of Winnings | 194B | 30% |
| Payment to Resident Contractor / Sub-contractor | 194C | 1% (HUF & Individuals) 2% (Others) |
| Commission on Insurance | 194D | 5% (HUF & Individuals) 10% (Others) |
| Acquisition of immovable property | 194LA | 10% |
| Rent payments for Plant, Machinery, Furniture, etc. | 194I | 2% (Plant, Machinery & Equipment) 10% (Furniture, fixture, land and building) |
| Commission & Brokerage payments | 194H | 5% |
| Commission on the sale of lottery tickets | 194G | 10% |
TDS Payment Due Dates
Anyone deducting TDS from the payments made to another party as income should deposit the amount to the Central Government Account before the 7th of the next month.
For Example:
| TDS Deduction Month | Deposit Due Date |
|---|---|
| April | 7th May |
| May | 7th June |
| June | 7th Jul and so on |
Except for March, when you can deposit the TDS amount by 30th April.
What is a TDS Certificate?
The deducting party issues TDS certificates to the taxpayers. It is an official document that states your tax has been successfully deducted at source. Depending on the type of payment, TDS certificates can be issued in the following forms:
| TDS Deducted on | Form & Frequency | Due Date |
|---|---|---|
| Salary Payments | Form 16, issued annually | Before 31st May of the Assessment Year |
| Non-Salary Payments (interest, vendor payment, consultancy fees, etc.) | Form 16A is issued quarterly | Within 15 days of the due date |
| Sale of Property | Form 16B is issued with every transaction | Within 15 days of the due date |
| Rent Payments | Form 16C is issued with every transaction | Within 15 days of the due date |
Understanding Form 16, 16A, and 26AS
Form 16 and Form 16A are tax credit statements that reflect the TDS from an individual’s or a company’s income. Form 26AS, on the other hand, is a consolidated tax statement generated by the Income Tax Department, showing TDS details for an individual or company.
How to Apply for a TDS Return?
The party deducting the TDS can issue a TDS certificate in the applicable Form 16. The deducted TDS amount is reflected in Form 26AS as Tax Credits for the payee (person receiving the amount after the TDS deduction).
If you want to claim a TDS return you will need to file your ITR for the Assessment Year (AY). The applicable credits are adjusted out of your tax payable for the AY. If eligible for a refund, the same will be processed and credited to your bank account within six months.
In case the deducted TDS amount does not show up on your Form 26AS, you will need to submit the TDS certificate received from the deductors.
What Happens After TDS Deduction?
Once TDS is deducted from your income, a series of steps is taken to ensure the amount is remitted to the government and correctly reflected in your tax records. Understanding this flow helps you track your tax credit and stay compliant during return filing. After TDS is deducted from your income, here's what happens:
The Deductor's Responsibility
After deducting TDS, the payer must complete several legally mandated steps. These actions ensure your tax is deposited on time and accurately recorded in the government system. Here's a look at your role as a TDS payer:
- Depositing TDS: The entity responsible for deducting TDS, called the deductor (like your employer, bank, or company you received a commission from), is obligated to deposit the collected TDS to the government within a specified timeframe. This timeframe typically falls within the 7th of the next month.
- TDS Return Filing: The deductor must also file a TDS return electronically with the Income Tax department. This return details the TDS deducted from various sources (like salaries, commissions, etc.) and the corresponding Permanent Account Number (PAN) of the deductee (the person whose income the TDS was deducted from).
- Information Sharing: Form 16/18/26Q: Once the TDS is deposited and the return is filed, the deductor will provide you with a document like Form 16 (for salary income), Form 18 (for other income like freelancing fees), or Form 26Q (a consolidated statement for various TDS deductions). This document reflects the amount of TDS deducted from your income.
Your Responsibility
As the recipient of income, you must review the TDS details shared with you and make sure they match your actual income. Doing this ensures your tax return reflects the correct information and helps you avoid errors or delays in your refund. The following are your responsibilities as a recipient:
- Income Tax Return Filing: When you file your income tax return, you need to consider the TDS amount reflected in the Form 16/18/26Q you received. This pre-filled information helps simplify the process.
- Tax Credit: The TDS you've already paid is a credit against your overall tax liability. In simpler terms, it reduces the amount of tax you might owe the government.
- Refund or Additional Tax: If the total TDS deducted throughout the year exceeds your final tax liability, you are eligible for a tax refund from the government. Conversely, if the TDS is less than your tax liability, you may need to pay the remaining tax amount.
Thus, don’t miss filing your personal ITR, especially after TDS on any of your income.
Can the TDS Amount Change in the Financial Year?
The TDS deduction depends on the payment amounts. If you are salaried, your TDS amount is estimated on your salary and can change if there is a change in the salary amount. Similarly, TDS deductions can change under the following situations:
- Bonus, increment, and change of employment during the financial year
- Change in rent payments or other perquisites
- If you submit investment proofs for a higher tax saving
- TDS for self-employed and consultants will change as per the change in their bill amounts
Overall, your TDS deduction should not be less than your total tax liability at the end of the year.
Penalty for Late Filing of TDS Return
CBDT may levy a penalty for delays in submitting your TDS return or statements in the following manner:
- Non-Submission of TDS Return: A penalty is levied at ₹500 per day for the delayed period under Section 272(A) of the Income Tax Act, 1961. The amount of penalty can go up to the actual TDS amount.
- Delayed/Non-Filing of TDS Returns: A penalty is levied at ₹200 per day for the delayed period under Section 234(E) of the Income Tax Act, 1961. The amount of penalty can go up to the actual TDS amount.
- Delayed/Non-Filing of TDS Statement: Penalty of ₹10,000 to ₹1 lakh under Section 271(H) of the Income Tax Act, 1961. The penalty amount can go up to the actual TDS amount.
- Incorrect Details on TDS Return: Penalty of ₹10,000 to ₹1 lakh under Section 271(H) of the Income Tax Act, 1961. The penalty applies if the filed return contains incorrect information about PAN, challan particulars, TDS amount, etc.
- If the TDS Amount is Not Deposited: The penalty will also include interest for the undeposited amount under Section 201(A) of the Income Tax Act, 1961. The penalty applies if you fail to deduct TDS in part or in full when it is due. The interest of 1.5% p.m. will apply for the delayed deduction.
Latest Updates About TDS
The updates regarding TDS continue to evolve to help improve compliance and ease the tax collection process. Listed below are some of the key compliances:
- TDS Relief for Salaried Employees: Starting January 1st, 2025, TDS statements will reflect the net TDS/TCS benefits on eligible income for salaried employees. This change allows employers to deduct TDS on total income after considering TDS/TCS already deducted on non-salary income, thereby reducing the overall TDS amount deducted from salaries.
- Updated TDS Software: Protean has updated its TDS software to incorporate these changes, effective from December 27th, 2024. This update ensures that the new TDS deduction process is accurately reflected in the Q4 2024-25 TDS statements.
- TDS Rate Chart for FY 2025-2026: The government has released the latest TDS (Tax Deducted at Source) rate chart applicable for FY 2025-26. The chart covers different types of incomes such as salary, retirement benefits, interest, dividends, winnings, and contractor payments.
- Salary & Retirement:
- Salary (Sec 192): As per tax slab rates (chosen regime).
- EPF Withdrawal (Sec 192A): 10% if amount > ₹50,000.
- Interest & Dividends:
- Interest on Securities (Sec 193): 10% if > ₹10,000.
- Bank/Post Office Deposits (Sec 194A):
- ₹50,000 for individuals (other than senior citizens)
- ₹1,00,000 for senior citizens (aged 60 and above)
- TDS deducted at 10% if the interest amount exceeds these specified limits.
- ₹50,000 for individuals (other than senior citizens)
- Dividend (Sec 194 & 194K): 10% if > ₹10,000.
- Winnings
- Lottery/Games/TV Shows (Sec 194B): 30% if > ₹10,000.
- Online Gaming (Sec 194BA): 30% on net winnings at withdrawal.
- Horse Racing (Sec 194BB): 30% if > ₹10,000 (annual).
- Payments & Commissions:
- Contractors (Sec 194C): 1% (Individuals/HUF), 2% (Others); if > ₹30,000 per bill or ₹1,00,000 annually.
- Insurance Commission (Sec 194D): 2% (individuals), 10% (others) if > ₹20,000.
- Life Insurance Payout (Sec 194DA): 2% if > ₹1,00,000.
- NSS Payout (Sec 194EE): 10% if > ₹2,500.
- Lottery Commission (Sec 194G): 2% if > ₹20,000.
- Commission/Brokerage (Sec 194H): 2% if > ₹20,000.
Wrapping Up
Tax Deducted at Source (TDS) is not just a compliance requirement; it’s an important tool that makes tax collection smoother for the government while helping taxpayers manage their liabilities in smaller, regular portions. Understanding how TDS works, its applicable rates, exemptions, and filing obligations ensures you avoid penalties and claim rightful refunds.
While TDS may feel like a deduction from your earnings, it ultimately reduces your year-end tax burden, prevents last-minute financial stress, and promotes transparency in the tax system. Staying updated with the latest TDS rules and filing your Income Tax Return (ITR) on time is the key to making the most of these deductions.
In short, think of TDS as advanced tax planning rather than a burden; it not only keeps you compliant but also helps you stay financially prepared and secure.
FAQs
The full form of TDS is Tax Deducted at Source. It is a way of collecting advance tax on income-related transfers to individuals and other tax-paying entities.
TDS on salary is deducted on applicable slab rates. You can choose to pay TDS as per the new tax regime or stick to the old tax regime where you can also claim tax-saving investments. Rebates under section 87A are available under both tax regimes.
A TDS challan is generated when you file your TDS return. The challan helps you deposit the TDS amount under the correct classification code when you deposit the money into the Central Government account.
Yes, PAN is necessary for TDS payments. Without PAN you may face higher TDS rates.
Usually, PAN is needed for almost all TDS transactions. In case you cannot submit PAN immediately you can apply for a PAN and submit the application number in the meantime. In a few cases, like interest payments by banks, not furnishing PAN or the application number will attract a higher TDS rate of 20%.
Different incomes attract different TDS rates, such as 10% on professional fees, 2% on technical services, and 5% on rent from individuals, depending on applicable tax provisions.
A TDS challan is a government payment slip used to deposit the deducted tax. You fill it online, provide relevant details, and pay through net banking or authorised channels to complete the deposit.
You can claim TDS credit by checking Form 26AS or AIS for accuracy, then reporting the deducted amount on your tax return so the credit is applied to your final tax liability.
Failure to understand when to deduct TDS or deposit it on time can lead to interest, penalties, disallowance of expenses, and possible legal consequences affecting the deductor’s compliance record.
Disclaimer - This article is issued in the general public interest and meant for general information purposes only. The views expressed in this blog are solely those of the writer and do not necessarily reflect the official policy or position of Canara HSBC Life Insurance Company Limited or any affiliated entity. We make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability, or availability with respect to the blog or the information, products, services, or related graphics contained in the blog for any purpose. Any reliance you place on such information is therefore strictly at your own risk. You should consult with a qualified professional regarding your specific circumstances before taking any action based on the content provided herein.
Recent Blogs
Will Budget 2026 Allow Joint Taxation for Married Couples?
29 Jan '26
7 Views
8 minute read
Find out what Budget 2026 may introduce on joint taxation for married couples, expected benefits, policy outlook, and how it may impact taxpayers in India.
Read More
Tax Saving
What is Income Tax Return (ITR)? Meaning & Filing Process of Filing ITR
21 Jan '26
4897 Views
10 minute read
Learn what an Income Tax Return (ITR) is, why filing your income tax return is important, and how to file your ITR online via the Income Tax Department. Documents, forms, steps, and FY 2026-27 details included.
Read More
Tax Saving
What Is Advance Tax? How to Calculate Advance Tax and Pay It Online
20 Jan '26
2512 Views
9 minute read
Understand advance tax under income tax, who should pay it, how advance tax is calculated, due dates, and online payment steps to avoid penalties.
Read More
Tax Saving
Importance of Taxes in India: Why Taxes Matter?
15 Jan '26
1608 Views
7 minute read
Understand the importance of taxes in India, how they support public services, economic growth, welfare schemes, and national development.
Read More
Tax Saving
What Is SGST? Meaning, Rates & Applicability Explained
15 Jan '26
626 Views
5 minute read
Learn what SGST means, its full form, tax rates, applicability, and how it works under the GST system for intra-state transactions.
Read More
Tax Saving
What is the GST Council? Role, Members & How It Works
14 Jan '26
537 Views
5 minute read
Understand what the GST Council is, its structure, powers, and how it decides GST rates, laws, and policies across India.
Read More
Tax Saving
Why is Your ITR Refund Delayed and What Can You Do?
13 Jan '26
534 Views
5 minute read
ITR refund delayed? Know the common reasons, timelines, and step-by-step actions to track, raise grievances, and speed up your income tax refund.
Read More
Tax Saving
80CCC: What is Deduction Under Section 80CCC?
11 Jan '26
1179 Views
6 minute read
What is Section 80CCC? How can you claim deductions under section 80CCC? Learn the eligibility criteria to claim a deduction under section 80CCC with a life insurance policy.
Read More
Tax Planning
How to Save Tax on Salary Above ₹15 Lakhs? | Tax Saving Guide 2026
10 Jan '26
4812 Views
14 minute read
Learn how to save tax on salary above ₹15 lakhs using effective tax saving options, deductions, exemptions, and smart income tax planning strategies
Read More
Tax Saving
Tax Savings - Top Selling Plans
We bring you a collection of popular Canara HSBC life insurance plans. Forget the dusty brochures and endless offline visits! Dive into the features of our top-selling online insurance plans and buy the one that meets your goals and requirements. You and your wallet will be thankful in the future as we brighten up your financial future with these plans.
Family Shield: Enhanced Protection
iSelect Smart360 Term Plan
- 3 Plan options
- Life cover till 99 years
- Steady income benefit
- Block your premium at inception
Fixed Returns, Zero Risks & Worries
iSelect Guaranteed Future Plus
- 4 Plan options
- Life cover + Guaranteed benefits
- Accidental death benefit
- Premium protection cover
Start Young, Pay Less, Stay Secured
Young Term Plan
- Life cover till 99 years
- Coverage for spouse
- Block your premium rate
- Covers 40 critical illness