To be able to claim income tax deduction for FY 2024-25, taxpayers must invest in a tax saving scheme given in the relevant ...

To claim income tax deduction, taxpayers are meant to invest within the same financial year. This means if you want to claim ...

Taxpayers have around 18 days left till March 31 to invest in tax-saving instruments like NPS, ELSS and PPF, among others, that can save some income tax for FY25 under the old tax regime. Here are all ...

The proposed new tax regime will be implemented from April 1, 2025. An income up to Rs 12,75,000 will be tax-free for ...

The Indian taxation framework, as delineated by the Income Tax Act of 1961, may initially seem daunting. Nevertheless, ...

But if one has an annual income of Rs 13,75,000, they may make that income tax-free through employer contribution to their NPS account. Know how it may be possible. It is because salaried-class ...

Finance Minister Nirmala Sitharaman introduced the new Income Tax Bill in the Lok Sabha on February 13. This bill is currently with the Select Committee and it will take some time to become a law, but ...

Secure Tax Benefits Before the Financial Year Ends If you're looking to save on taxes, you have until March 31 to invest in ...

NPS vs EPF: In the case of EPF, employee contributions generally qualify for a deduction under Section 80C of the Income Tax Act, capped at Rs 1.5 lakh annually, under the Old Income Tax regime.

As per the proposals made in Budget 2025, the taxpayer can easily claim both houses as self-occupied and will not be required ...

Union Finance Minister of India Nirmala Sitharaman announced a significant tax benefit for parents investing in the National ...