A new financial year (FY) has begun, and with it comes the opportunity to strategically manage your taxes. In other words, it’s...
The Income Tax Department has given approval to the tax authorities to either waive or reduce the interest payable by the taxpayer...
Pune-based software professional Jairaj Ravi earns well, but also pays a high tax because all the allowances in his salary are taxable...
Being aware of key deadlines enables taxpayers to take full advantage of deductions, exemptions, and other tax benefits. Read More:- Income Tax...
In the case of the new regime, you would not be able to claim the deduction on your contribution to EPF. However,...
Saving on taxes and increasing income can be achieved through effective tax planning. The Income Tax Act offers deductions for various investments,...
India’s gross GST collection in October 2024 jumped 8.9 per cent year-on-year to the six-month high of Rs 1,87,346 crore, according to...
Under current Income Tax regulations, gifts received during Diwali, whether from loved ones or employers, may lead to tax liability if their...
In the midst of the festive Diwali season, many employers are expressing appreciation for their employees through gifts, fostering a positive workplace...
Prudent taxpayers never look at tax liability as a burden, instead they focus on using various provisions under the Income Tax Act to maximise...