Income Tax Exemption
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New Income Tax Bill 2025: Old Vs New Regime Differences, Exemption Limits And More
New Income Tax Bill 2025: We cover everything from tax slabs and the old vs. new regime to the latest rules and exemption limits.
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Union Budget 2025-26: What Does It Offer Senior Citizens?
Union Finance Minister Nirmala Sitharaman on Friday proposed to double the limit for TDS on income interest, hike the threshold on rent and exempt withdrawals from National Savings Scheme (NSS) accounts from tax for senior citizens.
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What Rs 12 Lakh Exemption Means And How Tax Is Calculated If You Earn More
The government has revised the tax structure under the new regime with Finance Minister Nirmala Sitharaman announcing that those earning up to Rs 12 lakh annually won't have to pay any income tax.
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Modi 3.0's Tax Exemption Limit Is Biggest Ever Since 2005
The Union Budget 2025-26 presented by Nirmala Sitharaman declared that there will be no income tax payable up to a total income of Rs 12 lakh.
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Missed The ITR Deadline? File A Revised Return By December 31, 2024
The last date to file a revised or belated Income Tax Return (ITR) for FY 2023-24 is December 31, 2024. Taxpayers who miss this deadline face penalties, interest charges, and the loss of exemptions and deductions.
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Finance Ministry Exempts Aadhaar Body UIDAI From Payment Of Income Tax
The finance ministry has exempted the income of Unique Identification Authority of India (UIDAI) from payment of income tax for five years till fiscal 2027-28.
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Why People In This Indian Hill Paradise Need Not Pay Income Tax
As the rest of India scrambled to meet the July 31 deadline for filing Income Tax Returns (ITR), one state remained blissfully exempt from the tax frenzy - Sikkim.
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How To Maximise Your Tax Savings With The New Tax Regime
The Indian tax system for FY 2024-2025 maintains existing income tax slabs, allowing taxpayers to choose between old and new regimes.
-
"No New Change In Tax Regime": Government Explains What Changes From Today
In a detailed note, the ministry explained that the new tax regime has low rates but fewer exemptions and deductions.
-
Recovery Of Rs 135 Crore From Congress As Per Income Tax Laws: Report
The Congress lost income tax exemption in 2018-19 due to extensive use of cash in the electoral process, sources said, justifying that Rs 135 crore tax recovery from the party was consistent with the provisions of the Income Tax Act.
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Interim Budget 2024: How To Calculate Taxes Under Old And New Tax Regimes
With the Interim Budget just days away, all eyes are on Finance Minister Nirmala Sitharaman for tax waivers or enhancement of income tax exemption limits.
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New Guidelines For Tax Exemptions On High-Premium Life Insurance Policies
The Income Tax department has prescribed a mechanism for calculating income proceeds from life insurance policies where aggregate annual premium exceeds Rs 5 lakh.
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Israel Follows UK to Exempt Foreigners from Paying Taxes on Crypto Gains: Details
Israel aims to paint its picture as a pro-crypto nation to attract investors to engage with its economy. To do so, the country is mulling if Israel should exempt foreigner residents from paying taxes on incomes derived from the sale of crypto assets.
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Tax-Free Leave Encashment Limit After Retirement Raised To Rs 25 lakh
In line with the Budget announcement, the finance ministry on Thursday hiked the tax exemption limit for leave encashment upon retirement for private sector salaried employees to Rs 25 lakh.
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Centre Proposes Changes To Tax On Angel Investors In Unlisted Entities
The Income Tax Department on Friday proposed to exempt Sebi-registered FPIs, pension funds and SWFs from the purview of angel tax.
-
New Income Tax Bill 2025: Old Vs New Regime Differences, Exemption Limits And More
New Income Tax Bill 2025: We cover everything from tax slabs and the old vs. new regime to the latest rules and exemption limits.
-
Union Budget 2025-26: What Does It Offer Senior Citizens?
Union Finance Minister Nirmala Sitharaman on Friday proposed to double the limit for TDS on income interest, hike the threshold on rent and exempt withdrawals from National Savings Scheme (NSS) accounts from tax for senior citizens.
-
What Rs 12 Lakh Exemption Means And How Tax Is Calculated If You Earn More
The government has revised the tax structure under the new regime with Finance Minister Nirmala Sitharaman announcing that those earning up to Rs 12 lakh annually won't have to pay any income tax.
-
Modi 3.0's Tax Exemption Limit Is Biggest Ever Since 2005
The Union Budget 2025-26 presented by Nirmala Sitharaman declared that there will be no income tax payable up to a total income of Rs 12 lakh.
-
Missed The ITR Deadline? File A Revised Return By December 31, 2024
The last date to file a revised or belated Income Tax Return (ITR) for FY 2023-24 is December 31, 2024. Taxpayers who miss this deadline face penalties, interest charges, and the loss of exemptions and deductions.
-
Finance Ministry Exempts Aadhaar Body UIDAI From Payment Of Income Tax
The finance ministry has exempted the income of Unique Identification Authority of India (UIDAI) from payment of income tax for five years till fiscal 2027-28.
-
Why People In This Indian Hill Paradise Need Not Pay Income Tax
As the rest of India scrambled to meet the July 31 deadline for filing Income Tax Returns (ITR), one state remained blissfully exempt from the tax frenzy - Sikkim.
-
How To Maximise Your Tax Savings With The New Tax Regime
The Indian tax system for FY 2024-2025 maintains existing income tax slabs, allowing taxpayers to choose between old and new regimes.
-
"No New Change In Tax Regime": Government Explains What Changes From Today
In a detailed note, the ministry explained that the new tax regime has low rates but fewer exemptions and deductions.
-
Recovery Of Rs 135 Crore From Congress As Per Income Tax Laws: Report
The Congress lost income tax exemption in 2018-19 due to extensive use of cash in the electoral process, sources said, justifying that Rs 135 crore tax recovery from the party was consistent with the provisions of the Income Tax Act.
-
Interim Budget 2024: How To Calculate Taxes Under Old And New Tax Regimes
With the Interim Budget just days away, all eyes are on Finance Minister Nirmala Sitharaman for tax waivers or enhancement of income tax exemption limits.
-
New Guidelines For Tax Exemptions On High-Premium Life Insurance Policies
The Income Tax department has prescribed a mechanism for calculating income proceeds from life insurance policies where aggregate annual premium exceeds Rs 5 lakh.
-
Israel Follows UK to Exempt Foreigners from Paying Taxes on Crypto Gains: Details
Israel aims to paint its picture as a pro-crypto nation to attract investors to engage with its economy. To do so, the country is mulling if Israel should exempt foreigner residents from paying taxes on incomes derived from the sale of crypto assets.
-
Tax-Free Leave Encashment Limit After Retirement Raised To Rs 25 lakh
In line with the Budget announcement, the finance ministry on Thursday hiked the tax exemption limit for leave encashment upon retirement for private sector salaried employees to Rs 25 lakh.
-
Centre Proposes Changes To Tax On Angel Investors In Unlisted Entities
The Income Tax Department on Friday proposed to exempt Sebi-registered FPIs, pension funds and SWFs from the purview of angel tax.
