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6 mins read

Union Budget 2024: A handy FAQ guide to decode the upcoming budget

​​​Weeks before the budget presentation, the finance minister also meets representatives from vario…

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3 mins read

Confused about the new tax regime? Here's when you should opt for it

The new regime was introduced in budget 2020 to simplify taxation, and offer lower rates of taxes c…

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4 mins read

All you need to know about the new tax regime

The new tax regime was introduced in Budget 2020 as a means to simplify tax calculations and offer …

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3 mins read

Budget 2024: Increase standard deduction, exemptions and more, an aam aadmi's wishlist

Note that unless you specifically opt for the old regime, the new tax regime is considered as your …

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6 mins read

Budget 2024-25: New tax regime sweetened by FM, hikes standard deduction to Rs 75,000

​More than two-thirds of taxpayers have availed of the new Income Tax regime, as per Nirmala Sithar…

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2 mins read

New business owners could get a $50,000 tax deduction under Kamala Harris's plan

Kamala Harris's next big economic proposal hinges on making it easier for you to start a small busi…

Juliana Kaplan   


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3 mins read

Decoding Form 16: How do you file your taxes if you don't get Form 16?

While you can still download Form-16, there's another, manual way to figure out your tax liability.…

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2 mins read

Opted for the new tax regime? Here are the allowances and deductions you can still avail

Budget 2020 introduced the new tax regime for FY 2020-21 in addition to the old tax regime. FY 2020…

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3 mins read

Changed your job in the last financial year? Here’s how to get your tax filing in place

If you have changed your job recently, any time before 31 March 2023, you need to be more careful w…

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4 mins read

Budget Expectations: Time to revise tax slabs and deduction limits for personal tax payers

It is that time of the year again. Finance minister Nirmala Sitharaman is all set to deliver the bu…

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1 min read

From higher standard deduction and change in tax slabs to clarity on Covid insurance, here’s what tax experts want from Budget 2022

The post-pandemic world has seen the middle class run from pillar to post for almost everything,…

Rounak Jain   


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2 mins read

Rent at your parents’ place to avail the House Rent Allowance and save tax

House Rent Allowance (HRA) is offered to almost every salaried employee. Taxpayers who have been li…

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5 mins read

Are medical expenses tax deductible? Generally yes, under 2 conditions

Inti St Clair/Getty Some medical expenses are tax deductible, under two general con…

Tanza Loudenback   


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3 mins read

ITR 1 Filing: Who can file ITR 1

Here we learn who can file ITR 1 which is also known as Sahaj form. ITR1 is also popularly kn…

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3 mins read

Are moving expenses tax deductible?

Disclosure: This post is brought to you by the Personal Finance Insider team. We occasionally highl…

Tanza Loudenback   


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2 mins read

The 'doubled standard deduction' in the GOP tax plan is a lie

Currently, you get to take the personal exemption even if you also itemize deductions, but you only…

Josh Barro   


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4 mins read

A top tax expert decodes the new Income Tax regime changes announced in the Budget

The current economic situation necessitated bold steps from our Hon’ble Finance Minister (‘FM’) …

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2 mins read

Individuals earning salary of over Rs 13 lakh a year to save under new tax regime

This means that about 90 per cent of taxpayers actually claim deduction of less than Rs 2 lakh…

PTI   


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4 mins read

Are home improvements tax deductible? Generally only in 2 cases

Disclosure: This post is brought to you by the Personal Finance Insider team. We occasionally highl…

Tanza Loudenback