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Source: Live Mint If you plan to opt for the old tax regime at the time of filing of income tax return (ITR) in July this year, you are entitled to claim income tax deduction. There are a number of tax-saving options which enable you to claim deduction such as those offered under section 80C…
Source: Live Mint Meeting income tax deadline is important for the taxpayers, failing which they stand to miss out on tax benefits or may even have to pay penalties, fees or fines. The financial year 2026 is set to culminate in another 15 days. We, therefore, list out the key deadlines that are set to…
Source: Live Mint With financial year 2024-25 soon coming to an end, only three weeks are remaining before the taxpayers can invest in the tax-saving instruments such as PPF, NSC, KVP, SSY and SCSS. Taxpayers who wish to claim income tax deduction must invest in these instruments before March 31. Where can taxpayers invest to…
Source: Live Mint The highlight was that the aspirations and expectations of the middle-class, finally got an earnest ear. In her Budget speech, Finance Minister Nirmala Sitharaman repeatedly underscored the role of the middle class in nation-building, mentioning the term “middle-class” at least ten times, highlighting their energy and contribution to the economy. The proposed…
Source: Live Mint In the Union Budget 2025, Finance Minister Nirmala Sitharaman mentioned that the ‘nil income tax’ slab would be raised to ₹12 lakh; however, it is often misunderstood as a tax exemption or tax deduction. Here’s what it really means. What did FM Nirmala Sitharaman say? “To taxpayers up to Rs12 lakh of…
Source: Live Mint If you plan to file your income tax return (ITR) under the old tax regime, you can start making investments in some tax-free instruments in order to claim deduction under section 80C before the financial year comes to an end. There are a number of tax saving instruments that one can invest…
