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

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

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

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 ...

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

The regime allows taxpayers to claim deductions on various investments and expenses, which can significantly lower their ...

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

ELSS offers high returns, tax efficiency, and flexibility, making it a compelling long-term investment option despite new tax regime.

Income Tax Bill 2025 eliminates deduction for inter-corporate dividends for companies opting for 22% tax rate, causing double ...

In Budget 2025, Finance Minister Nirmala Sitharaman proposed new tax regime income tax slabs. Once the slabs come into effect ...

Union Budget 2025 sparks debate between old and new tax regimes, offering exemptions vs. simplified slabs and lower rates.

Filing an ITR is crucial not just for compliance, but also to take advantage of available tax rebates and avoid penalties.