Tax laws offer plenty of room to reduce the liability of the individual through careful structuring of salary, says Sudhir ...

NRIs who opt for the new tax regime may get some benefits, but they are not eligible for the Section 87A rebate ...

The government has introduced a new Section-285BAA under the Income Tax ... benefits (in general) received from employers. 2. The expenditure incurred by the employer for travel outside India ...

Tax on subsequent amount of 4 lakh (from 4 lakh to 8 lakh) Rs 20,000 (being 5% of Rs 4 lakh) Tax on subsequent amount of 4 lakh (from 8 lakh to 12 lakh) Rs 40,000/- (being 10% of Rs 4 lakh) Tax on ...

Individuals can claim deductions under Section 80D of the Income Tax Act for the premiums paid for health insurance policies ...

Budget 2025 introduces key personal tax reforms focusing on Viksit Bharat. Amendments include a new income-tax bill, revised ...

The new tax regime is the default tax regime. Currently, the highest tax rate of 30% is applicable from net taxable income ...

According to experts, investors who have invested in debt mutual funds may benefit from some significant tax-saving changes ...

Vide Finance Act 2022, taxation of virtual digital assets (VDA) has been introduced in the Income-tax Act, 1961 (‘the Act’), ...

Strengthen employee retention in India with diverse retirement plans that provide staff with financial security and optimize ...

Section 17 of the Income-tax Act defines perquisites, including benefits provided by employers to employees. Currently, employee benefits such as free or concessional amenities are exempt from ...

Inflation affects everyone, including the economy and taxes. India's Income Tax Act has provisions to adjust tax liabilities for inflation. These adjustments ensure taxpayers aren't burdened with ...