Currently, as per Section 24 of the Income-tax Act, 1961 (referred to as ‘the IT Act’), individuals can claim a deduction of ...

Each year, taxpayers anticipate an increase in the Section 80C limit in the Union Budget. However, the limit has not been ...

Finance Minister Nirmala Sitharaman’s Budget 2024 modified income tax slabs, favouring the new tax regime. The old regime, ...

Also, the return-filing process needs to be simplified for NRIs, who are facing several challenges as tax refunds are not ...

Finance Minister Sitharaman revamped the income tax slabs in Budget 2024, enabling savings of up to ₹17,500. The standard ...

The opposition Congress on Thursday called India's GST the world's worst such regime, accusing the government of being ...

Salaried employees opting for the old tax regime for FY 2024-25 must submit investment proofs to claim exemptions and ...

India's Budget 2025 may potentially abolish the old tax regime. The new tax regime, default since 2020-21, offers simplified, ...

Starting from 2024, the default tax-filing regime will be the New Tax Regime, which features a simplified process but limited ...

In both tax systems, Section 112A provides a tax exemption for Long Term Capital Gains (LTCG) of up to Rs 1.25 lakh on ...

India currently offers two tax regimes: the old regime with higher tax rates and more exemptions, and the new regime with ...

The countdown for the union budget has officially begun as we enter the new year. As Finance Minister Nirmala Sitaraman will ...