If you think that income tax savings are limited only to section 80C, then it is not so at all. Apart from 80C, there are ...

Salaried employees opting for the old tax regime for FY 2024-25 must submit investment proofs to claim exemptions and ...

Income tax payers have a long wishlist, featuring a 30 percent tax slab only for those with incomes over Rs 20 lakh, inclusion of 80C and housing benefits under the new tax regime, and a special ...

The income tax rules have changed in recent years. Due to this, not all salaried employees now have to submit investment and ...

The availability of a Completion of Building (CoB) certificate is used to determine whether the immovable property in question is eligible for the home loan deduction benefit under the Income Tax Act.

Home loan borrowers hope the Union Budget will enhance tax benefits to make home ownership more affordable. Their demands also include higher deductions under Sections 80C and 24B, among others.

Key concepts of income tax include tax brackets, deductions, credits, and exemptions. Important facts about income tax Tax brackets are the range of income levels that correspond to specific tax rates ...

The loan's interest can be claimed as a deduction under Section 24B of the Income Tax Act, allowing for a maximum exemption of up to Rs 2 lakh. This method not only aids in household financial ...

Submitting tax-saving proofs on time not only reduces TDS but also streamlines your tax compliance. While the new tax regime ...

Ministry of Finance has issued a notification under sub-section (1F) of Section 197A of the Income-tax Act, 1961, exempting income-tax deduction on payments made to the National Credit Guarantee ...

In addition to Section 80E deduction, taxpayers could also claim deduction under Section 80C for any amount paid towards tuition fee for the purpose of full-time education of any two children of the ...

Prior to 2018, investors could deduct some or all of their investment advisory fees on their federal tax returns. The Tax Cuts and Jobs Act of 2017, effective for tax years 2018 to 2025 ...