Salaried taxpayers often face higher tax deductions at source (TDS) on their salaries despite having paid TDS or tax ...

The government provides a Rs 75,000 standard deduction in the new tax regime benefiting salaried individuals and pensioner by ...

The Budget 2025 brings major tax relief for the middle class, making the new tax regime more attractive. From higher ...

Budget 2025 increases rebate, no tax liability up to ₹12 lakh; answers on rebate, exemptions, deductions in income tax.

Budget proposals could help banks mobilize an additional ₹45,000 crore in deposits in 2025-26, boosting liquidity and credit ...

An income tax exemption is provided on certain sources of income ... How is it different from tax deductions? Tax deductions are claims made to reduce taxable income from various investments ...

Finance Minister Nirmala Sitharaman implemented changes to the slabs, rates, and rebates under the New Tax Regime to ...

Multifarious Key Taxation Laws and Rules: The Indian taxation system is governed mainly under the Income Tax Act, 1961, with relevant sections being: Section 4: General Taxability. Section 90: ...

In the Budget 2025, there have been new income tax slabs introduced in the new tax system. Finance Minister Nirmala ...

However for salaried individuals, this limit extends to Rs 13.7 lakh due to standard deductions and NPS investments. A salaried individual with Rs 13.7 lakh yearly income can achieve tax savings ...

The Budget 2025 introduces significant reforms in personal income tax, aimed at providing relief to middle-class taxpayers ...

Nonrefundable tax credits can only be used against taxes that you owe -- once your tax bill hits $0, you don't get the ...