Income Tax : Explore how new tax rebate under Section 87A allows individuals to avoid tax on incomes up to Rs 12 lakh. Learn through illustrati...
Income Tax : Earning ₹15 lakh? Know how new tax slabs work and why ₹12 lakh exemption doesn’t apply. Learn about rebates, slab-wise taxat...
Income Tax : Budget 2025 introduces no income tax on earnings up to ₹12 lakhs under the new regime, offering significant relief. Learn about ...
Income Tax : Countrywise withholding tax rates as per the Income Tax Act compared to tax treaties/DTAA. Understand differences & implications f...
Income Tax : Understand the tax filing process in India and analyze the tax regime for FY 2023-24. Explore old and new tax rates, deductions, a...
Income Tax : Union Budget 2025-26 introduces tax relief with no income tax up to Rs. 12 lakh, benefiting middle-class taxpayers and boosting co...
Income Tax : Union Budget 2025 expectations include tax relief, GST reforms, R&D support, and measures for MSMEs. Common demands focus on easin...
Income Tax : Get clarity on the applicability of the new tax regime versus the old tax regime. Understand the differences and choose the regime...
Income Tax : MAJOR ANNOUNCEMENTS IN PERSONAL INCOME TAX TO SUBSTANTIALLY BENEFIT THE MIDDLE CLASS PERSONS WITH INCOME UP TO RS. 7 LAKH WILL NOT...
Corporate Law : After criticism on Tax Rate Reduction for Corporates Income Tax India has given following clarification on Twitter. It is to be no...
Income Tax : Higher rate of tax was prescribed in section 115BBE through an amendment made vide Taxation Laws (Second Amendment) Act, 2016 and ...
Income Tax : CBDT issues Income Tax Circular 06/2022 | Dated: 17th March, 2022 to condone the default in filing Form 10-IC to avail lower tax r...
Income Tax : Circular 29/2019 – Clarifications on set off of brought forward loss due to additional depreciation & MAT credit if comp...
Goods and Services Tax : CBIC notifies concessional CGST rate on specified handicraft items vide Notification No. 21/2018-Central Tax (Rate), Dated: 26th J...
Goods and Services Tax : CBIC allows Refund of accumulated credit on account of inverted duty structure to fabric manufacturers vide Notification No. 20/20...
Goods and Services Tax : CBIC amends list of goods exempt from GST vide Notification No. 19/2018-Central Tax (Rate), Dated: 26th July, 2018 with effect fr...
Understand the new income tax rates for individuals and HUFs in India for the financial year 2023-24. Explore the default New Regime, deductions foregone, and changes in surcharge. Make informed decisions based on income slabs and rebates. Stay updated with tax implications and plan your finances accordingly.
Explore the deductions available under the Old vs. New Income Tax Regime effective from 01.04.2023 (FY 2023-2024, AY 2024-2025)
Explore the comparison between the old and new tax regimes for filing ITR in FY 2023-24. Understand the key changes, deductions, exemptions, and income levels to make an informed decision. Updated on April 20, 2023.
Confused about choosing the right tax reg Understand the options, deductions, and exemptions in the old and new tax regimes. Get tips on making the right choice based on your income, savings, and deductions. Know why opting for the old tax regime for TDS on salary is wiser. Ensure compliance with the latest CBDT circular (no 04/2023) and make an informed decision for a stress-free tax filing experience.
The Old Tax Regime and New Tax Regime refer to two different sets of tax rules that individuals in India can choose from to calculate their income tax liability under the Income Tax Act, 1961.
Confused about which tax regime is better for salaried individuals in FY 2023-24 Understand the provisions of the new tax regime, eligibility, and FAQs here.
April Deadline Navigate the choice between new and old income tax regimes for the financial year 2023-24. Understand changes, exemptions, and plan your tax strategy wisely. Expert insights from a Chartered Accountant with two decades of experience. Source: Finance Act 2023-24, Tax Planning, Indian Income Tax Rules.
Stay informed about the TDS rates for the Financial Year 2023-24 (Assessment Year 2024-25) in India. Understand the rates applicable to different payments, thresholds, and considerations. Ensure compliance with the TDS Rate Chart for the new financial year.
Explore the concept of Marginal Relief under the New Tax Regime from FY 2023-24 onwards. Section 115BAC allows taxpayers the option to choose between lower tax rates with certain exemptions and deductions forfeited or continue paying taxes at existing rates. The income tax slab rates for FY 2022-23 and the list of exemptions and deductions not allowed under the new regime are provided.
Consider tax implications before shifting to Indias New Tax Regime 2023 Evaluate deductions, business income impact, and file ITR by July 31. Choose wisely between old and new regimes for optimal savings.
