1, The standard deduction for salaried individuals has been raised from ₹50,000 to ₹75,000 under the new tax regime, effective from FY 2024–2025. 2. Family Pensioners’ Deduction: Under the new tax ...
EPF and NPS are key retirement plans in India. Let's understand from experts which is a good option in the long-term for ...
Discover the latest TDS updates from CBDT's Circular No. 03/2025 for FY 2024-25. Key changes, compliance tips, and employer ...
The Union Budget 2025-26 has made bold moves in reshaping Indias insurance sector and income tax regime, ensuring broader ...
India follows a progressive tax system, meaning individuals are taxed at increasing rates as their income rises. The tax slabs are reviewed periodically to reflect inflation and economic conditions, ...
Per the current tax laws (Income Tax Act, 1961), taxpayers can adjust their salary structure by utilising specific allowances provided in the Income Tax Act.
With increased financial flexibility comes greater responsibility. Will taxpayers continue to make wise investments even when there are no tax-saving incentives or spend more since they can afford it?
Measures to raise new state revenue were introduced in the Alaska Senate on Wednesday, including one that would substantially ...
With decades of expertise, Vardikos & Vardikos has been helping international investors navigate the financial opportunities ...
China’s smaller, independent oil refineries are getting squeezed by a stricter tax regime, which could accelerate shutdowns in the embattled sector.
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Hosted on MSNNew Tax Regime: There are 3 deductions available in the new tax regime, but people know about only one...The Government of India has introduced the New Tax Regime to simplify personal income tax. Out of the total 7.28 crore income ...
Though the new regime offered concessional tax rates, it reduced several popular deductions and exemptions, like HRA, LTA, ...
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