While being self-employed provides one the flexibility in working, the tax aspects become slightly complex when compared with a salaried taxpayer. Also...
If you are still confused about how to choose between the old and new tax regimes, then the Income Tax Department has...
It is important for taxpayers to note that the ITR form is filled out correctly and completely and within the due date....
The exemption limit has been raised from Rs 2.5 lakh to Rs 3 lakh under the new regime. The Union Budget 2023-24...
The Finance Minister has provided some relief to individual taxpayers by introducing a standard deduction of ₹50,000 and a deduction of up...
Gains on the sale of shares, whether they result from shares listed in India or overseas, are taxed in both scenarios. However,...
Purpose of filing ITR is to calculate tax liability and to pay any additional tax that may be due, or to claim...
The standard deduction is a flat deduction allowed under Section 16 of the Income Tax Act, 1961. In India, the standard deduction...
As the new financial year 2023-24 begins, the income tax changes announced in the Budget 2023 by Finance Minister Nirmala Sitharaman have...
New income tax rule 2023: After ushering in new financial year from 1st April 2023, a good number of income tax rules are...