No hike has been announced in the Section 80C deduction limit in Budget 2025. Deduction under Section 80C of the Income Tax ...

While senior citizens, landlords and those providing professional/technical services are the biggest beneficiaries of the TDS ...

Union Finance Minister (FM) Nirmala Sitharaman, who presented her eighth consecutive Union Budget on February 1, streamlined ...

Budget 2025 has introduced several personal finance changes that could significantly impact taxpayers and investors. Here are ...

Section 115VP of the Income-tax Act allows qualifying shipping companies to opt for the tonnage tax scheme by applying to the jurisdictional Joint Commissioner of Income-tax. Currently, the Joint ...

In India, the rising cost of healthcare makes health insurance essential for financial protection against unforeseen medical ...

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 Delhi High Court has held that the limit prescribed under Section 36(1)(iv) of the Income Tax Act 1961, on deductions ...

The current income tax slabs introduced for FY 2024-25 were designed to alleviate the tax burden on average taxpayers.

The New Delhi Bench of Customs, Excise, and Service Tax Appellate Tribunal (CESTAT) has stated that the prescribed time limit ...

Under the provisions of section 87A of the Act, an assessee, being an individual resident in India, having total income not exceeding Rs 5 lakh, is provided a rebate of 100 per cent of the amount of ...

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