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 ...

Starting from 2024, the default tax-filing regime will be the New Tax Regime, which features a simplified process but limited ...

Although the typical deductions for investment in the tax-saving instruments such as PPF, ELSS, KVP and NSC, have been phased ...

Also, the return-filing process needs to be simplified for NRIs, who are facing several challenges as tax refunds are not ...

India's Budget 2025 may potentially abolish the old tax regime. The new tax regime, default since 2020-21, offers simplified, ...

Although the typical deductions for investment in the tax-saving instruments such as PPF, ELSS, KVP and NSC, have been phased ...

The income tax rules have changed in recent years. Due to this, not all salaried employees now have to submit investment and ...

Submitting tax-saving proofs on time not only reduces TDS but also streamlines your tax compliance. While the new tax regime ...

Individual tax-payers, especially senior citizens, are hoping for increased tax deductions under Sections 80TTA and 80TTB in ...

The new regulations, approved in July last year and put into the gazette in October, took effect yesterday. The revised regulations, titled: “Deduction ... withholding tax regime “had evolved ...