The Central Board of Direct Taxes (CBDT) has rolled out comprehensive guidelines offering tax benefits to retired individuals ...

Some individuals opt for the new regime without a comparative analysis of the tax liability under the two regimes.

The decision between the old and new regime depends on available deductions and exemptions. If the assesse has deductions and ...

This can be done by eliminating the deductible allowances, such as House Rent Allowance (HRA), Leave Travel Allowance (LTA) ...

India Implements Comprehensive Tax Framework for Virtual Digital Assets : India has established a formal taxation framework for Virtual Digital Assets (VDAs) like cryptocurrencies and NFTs through the ...

Under the new tax regime, you will have to pay tax of Rs 1,04,000. Under the old tax regime, after claiming 80C (already mentioned by you) and additional exemption of Rs 50,000 under section 80 TTB, ...

But then why are we saying that there is no tax on income up to Rs 12 lakh? It's because a taxpayer will get a maximum tax rebate of Rs 60,000 on this income. Salaried-class individuals will also get ...

CA Suresh Surana says, "Under Section 80G of the Income Tax Act, 1961, taxpayers are eligible to claim deductions for donations made to certain notified charitable institutions and ...