In the case of EPF, employee contributions generally qualify for a deduction under Section 80C of the Income Tax Act, capped ...

According to one expert, the benefits of reduced tax slab rates in the new regime far outweigh the practical hassles of ...

The Union Budget 2025, presented in the Parliament Session on February 1, 2025, introduced major reforms in exemptions and deductions under the new tax regime for the Financial Year (FY) 2025-26 and ...

A revision in section 80D would not only support taxpayers but also strengthen the health insurance industry, making quality ...

The provisions of the New Tax Regime outlined in Section 115BAC of the Income-Tax Act, 1961 will be moved to Section 202 in ...

With an improved contribution framework and tax benefits, the new NPS rules mark a pivotal shift in how government employees ...

The Union Budget 2025, presented by Finance Minister Nirmala Sitharaman, introduced several key changes to the income tax ...

The New Income Tax Bill 2025 was recently tabled in the parliament. It aims to rationalize the provisions of The Income Tax Act 1961 and present it in a simpler language. The Government and the people ...

This income tax deduction is offered for the contributions made by the employer towards National Pension System (NPS).

Dividends received by these companies from other companies will be taxed both on their accounts and on the hands of ...

The income tax department has launched a simple tool to help taxpayers compare taxes under the New Tax Regime for FY 2024-25 ...