With Budget 2025 raising break-even limits, tax savings under the old regime seem tougher. But for salaried couples in ...

One of my clients recently asked, after Budget 2025, whether Rental Income up to Rs.20 lakh is tax-free. The answer is YES ...

In her Budget 2025 address, FM Nirmala Sitharaman announced modifications to the new tax regime, such as the exemption of up ...

This will increase the burden of compliance on the part of the assessees and simultaneously increase the burden of the Income Tax Department also in monitoring the same. Many firms do not have TAN and ...

Achieving a tax-free rental income of ₹20,00,000 is a goal many property owners aspire to. With the recent changes introduced in the Union Budget 2025, there are strategic avenues to minimize tax ...

Do you support a spouse or common-law partner, or a dependant with a physical or mental impairment? The Canada caregiver credit is a non-refundable tax credit that may be available to you. Who can you ...

In the Budget 2025, Finance Minister Nirmala Sitharaman increased the income tax rebate limit from Rs 7 lakh to Rs 12 lakh in the New Tax Regime. Effectively, individuals earning up to Rs 12 lakh will ...

India’s tax system saw important updates, making the new tax regime the default for most taxpayers. While it offers lower tax rates, it removes many traditional exemptions.

What if someone earning above Rs 12.75 lakh annually chooses the old regime and claims the maximum deductions? Will it result in tax savings? This article explores the key deductions available under ...

The Finance Bill presented by the FM on February 1, 2025, had a bonanza for middle-class taxpayers. However, despite the tax ...

"Assess your EPF ( Employees' Provident Fund) contributions, insurance premiums, and other deductions. Invest in ELSS only if ...

Introduced in 2020, the new tax regime became a default regime in 2023. To be able to file tax return under the old tax ...