Related Latest Article :Under the new tax regime, all popular tax saving options are not available for FY 2023-24 / AY 2024-25. Read more at :Income Tax Deductions List FY 2020-21 | New Vs Old Tax Regime AY 2021-22 Bifurcate Rent amount & Maintenance Charges You can further reduce y...
The Union Budget 2023 revised the new tax regime to be the default regime, effective from April 1, 2023. The old tax regime is, however, still available for taxpayers to use and it retains the benefit of exemptions and deductions. Under the new regime, the income tax slabs are the same...
Old Tax Regime vs. New Tax Regime: » Compare and contrast tax liabilities under both regimes for informed decisions. » Stay updated on the latest tax regulations and make strategic financial choices. House Rent Exemption Made Simple:
December 2, 2024CA Suchi SharmaIncome Tax News and Articles, Taxes in India 10 Minutes Read Many websites are providing links to free download income tax return filing software for people looking for a free trial. However, after clicking these links, users often receive a software purchase ...
According to the provisions of section 87A of the Act, an assessee, who is a resident individual in India, is given a rebate of 100% of the amount of income tax that is due, meaning that a person with income up to Rs 5 lakh is not obliged to pay any income tax. A person resid...
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That’s right, if you paid a 16 year old boy with pimples at McDonalds exactly the same income as a brain surgeon at Mass General, measured wealth in America would still be far more unequal that what Bush voters say we should aim for. That makes Bush voters to the left of Mao, ...
2. In cases of persons leaving India [Section 174] If the Income Tax Officer believes that an individual will leave India without intending to return in the current assessment year, the individual's total income from the end of the previous year until the date of departure will be taxable ...