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Source: Live Mint ITR filing 2025: The decision between the old and new tax regimes hinges on thoroughly understanding the available benefits. While the new tax regime is often characterised by its simplified slabs and lower rates, it doesn’t entirely eliminate opportunities for tax planning. By examining the remaining provisions, such as the standard deduction,…
Source: Live Mint The submission of income tax investment proofs for FY 2024-25 is generally due by March 31st, subject to deadlines, which may vary across organisations. Employers typically start collecting these proofs between January and March. The income tax investment proof submission process is essential for accurate tax computations and rebate claims. Employees must…
Source: Live Mint Income tax slab: In Budget 2024, Finance Minister Sitharaman introduced key changes to the income tax slabs under the new tax regime to make them more attractive for taxpayers. Along with adjustments in the tax slabs, the standard deduction limit was increased. Modifications were also made to the family pension and the…
