Here's a list of the main exemptions and deductions that taxpayers will have to forgo if they opt for the new regime.

The new tax regime effective from April 1, 2020, co-exists with the old/existing tax regime. The new tax regime offers lower, concessional ...

Here is the list if tax deductions and exemptions that one cannot claim if he/she opts for new tax regime for a particular financial year.

This year ITR-1 form has introduced schedule DI to provide details of the tax-saving investments made in the extended period till July 31, ...

Individuals can file ITR-1 either by downloading excel utility from e-filing website or by 'Prepare and Submit Online' option without downl...

To reduce your gross total income and thereby your income tax liability, you have to enter details of deductions that you want to claim und...

You can claim deductions from your gross total income by investing in avenues specified by the government.

Being aware of these procedural changes will make it easier for you to file your income tax return.

There are some additional points which require due consideration at the time of selecting the correct tax return form.

In this article, we explain the quickest way to file the return in Form ITR-1 using illustrations.

At present, donations made for specific projects run by NGOs that have been certified under section 35AC entitle the donor to a 100% I-T de...

Cash donations above Rs 10,000 towards scientific research or rural development will not be eligible for tax benefits under section 80G and...

Our expert guides you in matters relating to taxation.

You might be passionate about charity work, but is that enough? A study finds that not all the charity money reaches the ‘right’ individual.

Govt has blacklisted around 769 NGOs that have misused funds, indulged in financial mismanagement and also submitted forged documents. Tips...

There are two ways of donating for charitable purposes. One is by way of sponsoring programmes organised by corporates. The other way is th...

The minimum wages payable to an employee differs from region to region and industry to industry.