Salaried individuals can still reduce their tax liability under the new tax regime for FY 2025-26. Key deductions include employer contribu...

Salaried employees can claim child education allowance tax exemption under the old tax regime. This exemption is available for up to two ch...

ITR Filing 2026: Income Tax Return forms now require additional details for Section 80G deductions. Taxpayers must report transaction refer...

Salaried employees face a crucial tax decision between old and new regimes. The new tax regime offers lower tax liability across various in...

A government proposal may allow employees to voluntarily reduce their EPF contributions. This change could increase immediate take-home sal...

Taxpayers should gather documents and choose the correct tax regime and ITR form. Verify Annual Information Statement and Form 26AS details...

The new Income Tax Act, 2025, takes effect from April 1, 2026, maintaining current tax slab rates. Highest tax rate remains 30% for incomes...

An investment must first stand up as an investment, and be a tax-saver only by accident. However, this problem has now solved itself. The n...

Airlines are now exempt from deducting tax at source on lease rentals paid to eligible aircraft leasing companies in GIFT City. This move a...

Senior citizens can now secure fixed deposit interest rates up to 8.3% for a three-year term with select small finance banks, offering a lu...

A significant tax relief has been granted to airlines, with India now exempting tax deducted at source (TDS) on aircraft lease rentals paid...

Parents can open a Public Provident Fund (PPF) account for their minor children to secure their future, benefiting from compounding over th...

Individuals and Hindu Undivided Families (HUFs) are required to file income tax returns (ITR) if their total taxable income before the appl...

Homeowners can now potentially claim tax deductions on interest paid for both their original home loan and a subsequent loan taken to repay...

Understanding Tax Deducted at Source (TDS) on your salary is crucial. Employers calculate your annual tax liability based on declared incom...

A senior executive believes greater flexibility in retirement withdrawals and restored tax incentives could significantly boost the Nationa...

The I-T Department’s growing scrutiny, using AI and data analytics tools, leaves little room for omissions and errors, making accurate tax ...