Thu, Jul 11, 2024
The old tax regime provides tax benefits of Rs 1.50 lakh under Section 80C of the Income Tax Act, 1961. It also provides tax benefits on HRA, health policies, and NPS Tier-I account deposits. The new tax regime, on the other hand, also provides tax benefits such as standard deduction, conveyance allowance, and transport allowance.
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Tue, Jul 25, 2023
Minister of State for Finance Pankaj Chaudhary in a reply to the Rajya Sabha provided details of the number of Hindu Undivided Families (HUF) availing tax benefits (in the form of deduction under Chapter VIA of the Income-tax Act) during the last five years.
Wed, Apr 12, 2023
ITR filing: Salaried employees can opt out of the New Tax Regime every year to enjoy the benefit of various deductions; however, they must make their choice now so that their employer does not charge additional withholding taxes from their monthly salary in the fiscal year 2023-24.
Wed, Mar 22, 2023
Income Tax: What is TAN or Tax Deduction and Collection Account Number and why is it necessary for an individual to have it while deducting tax deducted at source (TDS)?
Wed, Mar 01, 2023
Income Tax Deduction: For people above 60, there are various sections available in the Income Tax Act, 1961 to help then save money.
Thu, Jan 03, 2019
In this episode of Money Guru, we provide you complete guide to understand income tax deductions and exemptions. Listen in.
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