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Can You Claim Tax Exemption On Home Loan Under The New Tax Regime? What Role HRA Plays In New Tax Regime? EXPLAINED

New Delhi: The New Tax Regime, introduced couple of years ago by Finance Minister Nirmala Sitharaman, entitled salaried individuals for a lower rate of tax. The rider, however, was that the ...
Tax Guru

HRA Deduction for Salaried Persons Under the New Tax Regime

Explains that HRA exemption is not permitted under the new tax regime and is fully taxable. Key takeaway: employees must compare regimes to avoid higher tax ...
allAfrica.com on MSN

Oyedele: New Tax Laws To Grant Reliefs For Low-Income Earners, Small Businesses From January

David Oyedele says new tax laws taking effect in January will introduce 50 reliefs for low-income earners and small businesses.

Selling an old property? Here’s how capital gains tax will work under the new tax rules

Except for listed securities and equity-oriented schemes, which require a 12-month holding period, all other capital assets ...

Tax Planning For Retirees: How To Reduce Taxable Income After The Age of 60?

Learn smart ways to reduce taxable income after 60. Explore tax exemptions, Section 80TTB, SCSS, PMVVY & new vs old regime ...

Received income tax notice despite being a salaried taxpayer? Don’t panic; here’s how you can respond

Income tax notices can be stressful for salaried employees, but most are routine queries that can be resolved quickly. From ...
JD Supra

Permanent Exemptions and New Deductions: What the 2025 Tax Law Means for Estate and Tax Planning

On July 4, 2025, President Trump signed into law the 2025 Budget Reconciliation bill, commonly known as the One Big Beautiful Bill Act (“Act”). This legislation extends several provisions from the Tax ...