
Under section 269ST of the Income Tax Act, receiving more than Rs 2 lakh in cash is prohibited, whether it…
Among the major financial and tax changes are no income tax on annual income up to Rs 12 lakh, deactivation…
Every year we get worried about tax saving and other important financial tasks at the last minute. So act fast…
Filing ITR is not only a legal responsibility but also important for taxpayers’ financial health. It keeps a record of…
The month of March reminds us that the financial year is coming to an end and we need to have…
The ITR filing utilities stopped allowing taxpayers to claim rebate under 87A for various special rate incomes including short-term capital…
Different capital assets — such as listed shares, mutual funds, tax-free bonds, debentures, unlisted shares, and real estate — are…
Old Vs New Tax Regime: For individuals earning Rs 15 lakh annually, opting for the old tax regime can result…
Salaried individuals can increase their tax-free income to Rs 13.7 lakh under the new tax regime by utilising NPS employer…
Tax Calculator: Marginal relief prevents individuals earning slightly above Rs 12 lakh from facing disproportionately high tax liabilities. It ensures…
New Tax Claculator: Calculations confirm that the new tax regime is more beneficial for all income groups, making the old…
Income Tax Slabs Decoded: Income up to Rs 12.75 lakh is tax-free under the new tax regime for FY 2025-26,…
The answer lies in the revised Section 87A rebate. The government has increased the rebate from Rs 25,000 (earlier applicable…
In this write-up, we highlight seven key areas where the government cannot afford to go wrong. While there are many…
In this write-up, we will analyze which tax regime — old or new — is more advantageous for individuals with…
Salaried taxpayers hope Budget 2025 will see some major taxation reforms, including much-needed tax relief for them, higher exemptions, and…
In this write-up, we present our predictions for Budget 2025 — offering practical insights into what taxpayers can truly expect…
Tax savings for senior citizens: Good tax planning not only minimises tax liability but also helps in achieving financial objectives.…