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Opt for new income tax regime, but don't stop investing. Here's why
National Savings Certificate (NSC) and Equity-Linked Savings Scheme (ELSS) not only helped individuals lower their taxes but ...
Tax Breaks: The IRS Is Still Open For Business Edition
Plus: Trump tariffs, beneficial ownership information (BOI) reporting, Earned Income Tax Credit, student loan interest ...
Tax Guru8d
Union Budget 2025: Exhaustive Analysis of Changes under Income Tax Law
Vide Finance Act 2022, taxation of virtual digital assets (VDA) has been introduced in the Income-tax Act, 1961 (‘the Act’), under section 115BBH of the Act in which the transfer of VDA is to be taxed ...
Income Tax Budget 2025 Highlights: Who is likely to benefit most from FM Nirmala Sitharaman's tax slab change?
Finance Minister Nirmala Sitharaman announced new tax slabs in the new tax regime 2025, so there will be no income tax for ...
Daily Express14d
Six end-of-tax year strategies to avoid 'sneaky traps' and cut your bill
By paying into your pension, you can reduce your income below £100,000 and restore your full personal allowance, saving significant tax. For example, if your income is £101,000, paying £1,000 ...
Indiatimes15d
Budget 2025 Expectations Highlights: Will FM Nirmala Sitharaman lower income tax rates to boost consumption, GDP growth?
This boost could be in the form of increased capital expenditure, or in terms of lower tax rates to boost consumption. Track TOI’s Budget 2025 live coverage for sector, economy and income tax ...
Newsweek15d
Best Health Savings Accounts of February 2025
Newsweek Vault’s experts select the best health savings accounts based on ... are deducted from paychecks on a pre-tax basis, lowering taxable income. The money grows tax-deferred, which means ...
Indiatimes15d
Individuals income tax – PAN cards and income tax returns
Currently, the only class of income tax payers paying due taxes are salaried employees, pensioners and investors in financial assets (who are also double taxed because their savings in financial ...
CNN-News1817d
Budget 2025: Income Tax Cut Likely; Know Tax Deductions Available Under Old Tax Regime For FY25
The Union Budget 2024-25 is just around the corner, and as Finance Minister Nirmala Sitharaman prepares to unveil the roadmap for India’s economy, taxpayers are keenly awaiting any announcement on the ...
Business Today18d
Budget 2025: You can save up to Rs 7,800 on Rs 18 lakh if tax slab is raised to 30%; here's calculations
Here are his top recommendations and projected tax savings 1. The income tax slab of 30% has been unchanged at Rs 15 lakh since 2020. Despite this, the Cost Inflation Index (CII) has risen by 21% ...
The Financial Express18d
Best tax-saving options for senior citizens in 2025!
ELSS plans, which are tax-saving mutual funds under Section 80C of the Income Tax Act, 1961, can help save on tax significantly. Investments up to Rs 1.5 lakh in ELSS funds are exempt. One can ...
Business Standard19d
Budget 2025: How does the new income tax slab differ from the old regime?
“If one has an objective of increasing disposable income in hand while enjoying lower tax rates, new tax regime is advisable. And if one has space for investing in tax saving instruments ... income ...