In the case of EPF, employee contributions generally qualify for a deduction under Section 80C of the Income Tax Act, capped ...

The Union Budget 2025, presented in the Parliament Session on February 1, 2025, introduced major reforms in exemptions and deductions under the new tax regime for the Financial Year (FY) 2025-26 and ...

T Act, which pertains to the New Tax Regime, is applicable by default unless the taxpayer chooses to opt out under specific ...

Filing an ITR is crucial not just for compliance, but also to take advantage of available tax rebates and avoid penalties.

The Indian government has introduced the new Income Tax Bill 2025 to simplify and enhance the efficiency of the tax system.

With an improved contribution framework and tax benefits, the new NPS rules mark a pivotal shift in how government employees ...

The Union Budget 2025, presented by Finance Minister Nirmala Sitharaman, introduced several key changes to the income tax ...

Union Budget 2025 sparks debate between old and new tax regimes, offering exemptions vs. simplified slabs and lower rates.

Employer contributions to NPS under Section 80CCD (2) are allowed up to 14% of Basic Salary + Dearness Allowance (DA) for central government employees and 10% for others. Specially-abled individuals ...

The New Income Tax Bill, 2025 set to take effect from April 1, 2026, represents a comprehensive overhaul of the existing tax framework. It consists of 536 clauses, 16 schedules, and 23 chapters, ...