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TAX DEDUCTION FOR CARS
Rs 15 lakh, Rs 20 lakh or Rs 25 lakh CTC? Check your exact TDS under new vs old tax regime for Tax Year 2026-27Understanding Tax Deducted at Source (TDS) on your salary is crucial. Employers calculate your annual tax liability based on declared incom...- Salary hike this appraisal season? New labour codes and tax rules may change your real take-home payAppraisal season this year saw companies begin aligning salary structures with new labour codes and updated income tax rules. While some fi...
- Zero income tax on Rs 15 lakh CTC? Here’s how these allowances and perks can cut your tax under new tax regimeSalaried individuals can significantly reduce their tax liability under the new tax regime by strategically utilizing allowances and perqui...
- Old vs new tax regime: Key differences that you must know before ITR filing for tax year 2026-27The new tax regime offers lower rates but removes many deductions, making a thorough comparison with the old regime crucial. While both reg...
- Himachal Pradesh defers salaries of CM, ministers, MLAs for six monthsHimachal Pradesh government has announced a six-month salary deferment for its Chief Minister, Cabinet Ministers, and MLAs. This measure ai...
- Don’t miss out: Smart last-minute tax moves to boost deductions before April 15Tax tips before April 15 deadline: With the April tax deadline approaching, organize your documents and explore deductions for retirement a...
- New tax breaks, smaller refunds? Why some filers aren’t seeing more moneyNew tax breaks in 2025 are not giving bigger refunds to everyone. Income limits reduce benefits for overtime, tips, seniors, and car loan i...
- Tax day is near: Last-minute moves that could save you moneyTax day is close, but people still have time to save money. Experts say last-minute steps like retirement contributions, health savings, an...
- You could get a $10,000 tax break on your car loan — who qualifies and how to claim itA new tax rule lets people save money on car loan interest if they buy a new U.S.-made vehicle and meet income rules. The benefit can reduc...
- IRS adds Schedule 1-A form for 2025, miss it and you could lose tax breaksSchedule 1-A is a new tax form for 2025 that many people must file to get extra tax benefits. It includes deductions for overtime, tips, ca...
- Up to $10,000 tax deduction on cars? Here’s who qualifies and how to claim itNew US tax rule gives car buyers a chance to save money. People can get a tax deduction on car loan interest if they buy a new vehicle made...
- IRS Tax Refund: Income Tax Return projected higher, key forms, deductions, tax credits - how to avail theseIRS Tax Refund: Among them are no tax on tips, no tax on overtime, deductions for car loan interest, and deductions for people who were 65 ...
- Up to $10,000 IRS car loan interest tax deduction in 2026: are you eligible under new income limits and vehicle rules?The IRS will allow up to $10,000 in car loan interest deduction starting with 2026 tax filings for the 2025 tax year. This new federal tax ...
- Trump tax cuts may allow drivers to write off $10,000 in auto loan interestDrivers buying new U.S.-assembled vehicles could unlock major tax savings in 2026. Trump’s new tax law allows up to $10,000 in auto loan in...
- IRS issues nationwide notice that could help some taxpayers save $10,000 in 2026The IRS has confirmed a new nationwide tax deduction that could save car buyers up to $10,000 in 2026. The rule covers interest on new, Ame...
- Complete guide to saving money on taxes in 2025: Easy tips for retirement, health, home, education, children, and moreYou can save money on taxes by using retirement accounts, health savings accounts, and education credits. Parents can get benefits for chil...
- IRS unveils new form letting workers claim tax deductions on their tipsIRS tax breaks for workers are here. Millions can now keep more of their tips and overtime pay. New deductions for 2025–2028 make it easier...
- IRS Schedule 1-A explained: How to claim tax breaks for tips, overtime, car loans, and seniorsIRS: The IRS is introducing Schedule 1-A for 2025 tax returns, offering new deductions for qualified tips, overtime pay, car loan interest ...
- Lower tax on higher income in new tax regime from April 1: How your salary structure will decide if you get a big tax savingsThe new tax regime will have new income tax slabs from FY 2025-26. Many salaried employees hesitated to switch to the new tax regime as the...
- Query Corner: TaxOur expert helps you understand the complexities of tax in this weekly column.
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