Jun 17, 2024 · In this article, we try to list some of the major deductions and allowances available to the salaried persons, using which one can reduce their income tax liability.

Section 80 Deductions: A complete guide on Income Tax deduction under section 80C, 80CCC, 80CCD & 80D. Find out the deduction under section 80c for FY 2023-24, AY 2024-25

Sep 6, 2024 · In this article we have discussed Income Tax deduction available to Taxpayers from various sources of Income for A.Y. 2025-26 / F.Y. 2024-25 and subsequent Years.

Oct 1, 2024 · Here are the income tax deductions you can claim under the new tax regime. At the end, we have listed deductions that an individual is not allowed to claim if opted for the new …

Explore Income Tax deductions for FY 2024-25 (AY 2025-26) under Section 80C, 80CCD (1), 80CCD (1B), and 80CCC. Maximize your tax savings with this comprehensive guide.

Oct 25, 2024 · A standard deduction of INR 50,000 is available while computing the taxable salary income under the old regime and INR 75,000 under the ATPR. Deduction from total income

Mar 31, 2024 · In the Indian tax system, deductions play a crucial role in reducing the taxable income of individuals. With the introduction of the new tax regime from April 1, 2023, there …

4 days ago · Here, Income tax Sections of deductions and rebates for Residents and Non-Residents are shown in a tabular format for easy reference and comparison among several …

Dec 30, 2019 · Salaried individuals can also claim a ₹75,000 standard deduction, making incomes up to ₹12.75 lakh tax-free. New Slab Structure under new tax regime: Extended time for filing …