This income tax deduction is offered for the contributions made by the employer towards National Pension System (NPS).

In this section you'll find photographic features that explore holidays and photography courses, details about members meetings, trials and tribulations of installing new software along with ...

No more running after proofs, no more figuring out which investment saves the most tax. Just take your total income, slap on the tax rate, and boom—you’re done. No last-minute scrambling, no endless ...

Key amendments introduced under the new tax regime for FY 2025-26 (AY 2026-27) 2. No Tax upto 12 lakh Enhanced Tax Rebate (Section 87A): The tax rebate under Section 87A has been enhanced and ...

We often hear about businesspeople or movie stars paying advance taxes amounting to crores of rupees. The deadline for paying ...

The Finance Ministry has repeatedly said that the objective of the new Income Tax bill is to simplify the tax system but will it really do so for the regular taxpayer? Follow our live blog here for ...

If you pay health insurance premiums for your parents, you can claim an additional tax deduction of Rs 25,000 if they are ...

The new tax structure under the new tax regime announced in the Union ... Salaried individuals are allowed to claim a standard deduction of Rs 75,000. Earlier, this amount was Rs 50,000, and ...

the new tax regime introduced simplifies taxation with reduced rates but fewer exemptions and deductions. Here are some key factors to consider before making a decision. Income level and tax ...

PIT collection as a share of GDP surged, new tax regime introduced, simplification exercise in new Income Tax Bill.