Can I claim deduction under Section 80C against capital gains from listed shares
A retired individual with ₹5 lakh short-term capital gains and ₹2 lakh interest income will face a 20% tax on ₹2.5 lakh after ...
Income Tax: These deductions and exemptions are allowed only under old tax regime
Meanwhile, resident individuals are also entitled to a rebate of up to 100 per cent of income tax subject to a maximum limit depending on tax regimes as under: ₹ 12,500 for income up to ₹ 5 lakh under ...
Budget 2025: Include HRA in the new tax regime, raise standard deduction to Rs 1 lakh, urge experts
Also, the return-filing process needs to be simplified for NRIs, who are facing several challenges as tax refunds are not ...
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Budget 2025: Does old tax regime still make sense or should it be scrapped?
As Budget 2025 approaches, whispers of scrapping the old income tax regime have grown louder. Has the old regime lost its ...
New Tax Brackets in 2025 Could Impact Your Paycheck—Here's What to Expect
Taxpayers are starting to see the effects of the new federal income tax brackets for 2025 in their first paychecks of the ...