Page 4 of salaried taxation

Tax Relief on Health Insurance: Soaring medical costs prompt calls for higher Section 80D limit in Budget 2024

Under Section 80D of the Income Tax Act, 1961, individuals and Hindu Undivided Families (HUF) get tax deduction benefits for…

July 4, 2024 15:03 IST

ITR Filing: You don’t need to pay taxes on THESE 12 income sources

Certain incomes come under exemptions, partially or fully, under the Income Tax Act. Like incomes from agriculture, NRE account, provident…

July 4, 2024 11:39 IST

How to file ITR online – Steps for e-filing income tax return

In order to file a tax return online, you can access the new income tax portal logging in with PAN-based…

July 2, 2024 12:02 IST

Surprising Tax Exemptions: THESE individuals are free from tax liability!

Surprising Tax Exemptions: THESE individuals are free from income tax liability!

Under the Income Tax Act’s Section 10(26), members of scheduled tribes living in specific states get exemption from paying taxes.…

July 1, 2024 10:39 IST

Income Tax Return: How to choose correct ITR form for tax filing

There are 7 ITR forms the Income Tax Department has notified, and often, taxpayers get confused which ITR form is…

June 25, 2024 12:07 IST

Lottery-like taxation: Fear grips F&O traders as 30% tax likely on transactions in budget

The Modi government is likely to consider reclassifying futures and options transactions from ‘business income’ to ‘speculative income’ and this…

June 24, 2024 10:49 IST

Filing ITR? Use 3 smart ways to save tax on your stock market profits

Tax loss harvesting is one of the most popular ways deployed by investors and traders in the stock markets to…

June 21, 2024 17:49 IST

ITR Filing: 10 things you need to know before filing income tax return

As a taxpayer, you must ensure that all guidelines and rules to ensure compliance with tax laws are followed while…

June 21, 2024 15:11 IST

Income Tax Return: Filing wrong ITR form may cost you dearly - Key changes you must know

Income Tax Return: Filing wrong ITR form may cost you dearly – 5 key changes you must know

The last date to file Income Tax Return is July 31, and but taxpayers should not wait until the last…

June 21, 2024 12:08 IST

Forget basic tax exemption limit! Got electricity bills of more than Rs 1 lakh? You have to file ITR

Forget basic exemption limit! Got electricity bills of more than Rs 1 lakh? You have to file ITR

One must file an ITR if he or she has paid electricity bills of more than Rs 1 lakh in…

June 20, 2024 17:05 IST

budget 2024, union budget 2024, budget 2024 date and time, nirmala sitharaman budget 2024, budget 2024 date announcement live, budget 2024 date announcement

Budget 2024: Modi govt to raise tax exemption limit to Rs 5 lakh under new tax regime?

It is expected that hiking the tax exemption limit will leave more disposable income in the hands of people, especially…

June 19, 2024 17:05 IST

Budget 2024: Big tax relief for middle-class in the offing? Section 80C, 80D deduction limits may be hiked to …

After the new government formation, the focus is now shifted to the Union Budget 2024-25. Taxpayers are hopeful that the…

June 12, 2024 15:09 IST

Income Tax Return: How to get maximum tax refunds | Check out these 5 ways!

Income Tax Return: How to get maximum tax refunds on filing ITR | Check out these 5 ways!

Every taxpayer should make an effort to mitigate their tax liability by claiming all the available deductions and exemptions at…

June 3, 2024 10:48 IST

Tax Saving Tips: These 5 simple hacks can lower your taxable income by at least Rs 5.75 lakh

By implementing these five simple tips in accordance with the latest changes in ITR regulations, taxpayers can effectively reduce their…

May 29, 2024 16:46 IST

Income Tax Return FY2023-24: Keep THESE key documents ready for ITR filing

Income Tax Return 2024: Keep THESE key documents ready for ITR filing – Full list here

By proactively organizing and readying necessary documents, taxpayers can streamline the ITR filing process and ensure compliance with tax regulations.

May 28, 2024 10:48 IST

Income Tax Return 2024: Taxpayers alert! Filing false claims in ITR to attract THESE penalties

As per income tax rules, misreporting income is against the law and bound to attract heavy penalties. Section 270 of…

May 23, 2024 10:38 IST

PM Modi or PM Rahul: How will taxpayers be impacted if Direct Tax Code gets implemented post Lok Sabha polls 2024?

Taxpayers to face higher tax outflows if Direct Tax Code gets implemented post Lok Sabha polls 2024

A report in the Financial Express last month stated that discussions were underway in the finance ministry regarding the implementation…

May 14, 2024 10:27 IST

New ITR Filing Twist: Can you really change tax regimes last minute?

In the Union Budget 2023, the union government made some key changes to the rules pertaining to switching income tax…

May 13, 2024 12:15 IST

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India is making significant progress in its AI journey, with strong digital infrastructure and a growing market. The government’s investment in AI development reflects their determination to become a leader in this field. Collaboration between technology providers, enterprises, and the public sector is crucial for unleashing the full potential of AI.

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