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If you earn ₹15 lakh, you save ₹15,600 with the new tax regime but you can’t claim tax benefits worth ₹73,000
The government’s new tax regime isn’t for everyone. If you earn less than ₹13 lakh per annum, it mi…
New income tax slabs 2020, income up to ₹5 lakh exempt
New tax slabs have been proposed by the Direct Tax Code panel to boost consumption and investment. …
Income Tax Slab For Filing ITR (Income Tax Return)
In the budget announced in 2018, the total cess on income tax increased by 4%. However, the income…
No tax proposed on annual income up to ₹500,000
The middle-class in India has been hit hard by several indirect taxes, rising prices, and income ha…
How Income Tax Is Calculated
To know how income tax is calculated in India, you must first know about the income tax slabs. I…
Here’s how income tax slabs work in India
In India, taxes vary according to income. And different tax slabs correspond to how much one is li…
How to save Income Tax in India Schemes to Invest in 2019
Investing up to a limit of Rs. 1.5 lakh in schemes like Tax-Saver FDs, PPF (Public Provident Fun…
Here’s what people expect on income tax from the upcoming Indian budget
Last year’s budget did not alter the income tax slabs in any way and the exemption limit and the…
New income tax regime big disincentive to investment: Analysts
Mumbai, Feb 1 () Tax experts and analysts on Saturday said the optionality clause in the new income…
PTI
Two-thirds taxpayers likely to shift to new regime in 2023-24 itself: CBDT chief
The income tax rebate limit available for salaried and individual taxpayers under the new income ta…
ANI
New tax regime may not be necessarily beneficial for all taxpayers: Experts
The new tax regime (NTR) will now be considered as a default regime, but it may not necessarily be …
Keep these changes in mind while filing your ITR to prevent errors
Section 24B allows you, as an individual, to make certain deductions from the net annua…