The newly introduced Income Tax Bill 2025 aims to simplify the existing provisions of the Income-Tax Act, of 1961. The provisions of the New Tax Regime outlined in Section 115BAC of the Income-Tax ...

Tax loss harvesting is a powerful tool to reduce your tax burden legally and smartly. With the correct understanding and timely execution, it can significantly enhance your post-tax returns. As we ...

Comparison between Amendments made by Finance Act, 2025 & Text as per Finance Act, 2024 Based on your request for a much longer and comprehensive comparative table of Act-wise, section-wise amendments ...

Enter household income you received, such as wages, unemployment, interest and dividends. Choose the filing status you use when you file your tax return Input the total of your itemized deductions ...

In the new tax regime, Chapter-VIA deductions cannot be claimed, except deduction u/s 80CCD(2)/80CCH/80JJAA as per the provision of Section 115BAC of the Income Tax Act, 1961. (Chapter-VI A ...