Equilisation point for tax-savings under old and new tax regime
Save more tax in old tax regime by claiming up to Rs 8.5 lakh tax deductions for a salary income up to Rs 25 lakh. Moreover, ...
Latest Income Tax Slabs FY 2025-25 Under New Tax Regime: FAQs Answered
Latest Income Tax Slabs FY 2025-26 after Budget 2025: In the new tax regime for FY 2025-26, individuals earning up to Rs 12 ...
Income Tax alert: Cash transfers to wife may attract IT notice | Know the Rules
Transferring money to your wife via UPI or cash? Know about the latest Income Tax Rules 2025 under Sections 269SS and 269T to ...
Income Tax: Why Is Standard Deduction Of Rs 75,000 Given? Who Doesn’t Qualify For It?
The government provides a Rs 75,000 standard deduction in the new tax regime benefiting salaried individuals and pensioner by ...
Loan EMI calculator after RBI MPC meet: Bonanza for middle class! How much will you save with lower EMIs + new income tax slabs? Explained
Your home and personal loan EMIs are set to come down with the RBI governor Sanjay Malhotra announcing a 25 ba ...
Understanding the New Income Tax Slabs for FY 2025-26: Benefits & Changes Explained
The new income tax regime for FY 2025-26 offers significant benefits, including zero tax for income up to Rs 12 lakh and ...
Mukesh Ambani led Reliance’s income tax stuns all! its 4% of countries total annual Budget, amount is Rs…
Reliance Industries record-breaking performance not only shows its contribution in India’s corporate sector but also reflects ...
Will you pay Rs 61,500 as income tax on Rs 12.10 lakh income? Know how marginal relief comes into play
Individuals having taxable income of Rs 12 lakh will not required to pay any tax from FY 2025-26. However, there can be ...
Tax Guru16h
Orissa HC Quashes TDS Prosecution Citing Payment Acceptance, Financial Distress & COVID-19
The Orissa High Court ruled in favor of the petitioner, citing precedents from the Jharkhand High Court and its own past rulings. The court emphasized that since the government had already accepted ...
To Save or to Spend? Why Tax Breaks to Middle Class Won't Go Into Consumption
Is the tax bonanza really as big a game-changer as some pundits are claiming it to be? GST cut would have impacted us right ...
The government is banking on tax cuts to boost consumption. What if it doesn’t pan out?
Cutting tax rates can promote growth, and conversely raising taxes can hinder it—the intellectual heritage of this line of thought stretches back to an 18th century economist. But this theory ...
Tax Guru2d
Tax Deposited by TAN Instead of PAN: DCIT Can Rectify Mistake In Challan
Despite confirmation that the petitioner had deposited the disputed amount, the authorities maintained that manual ...