Tax Deduction
- All
- News
- Videos
- Web Stories
-
Budget 2025: What Is Standard Deduction And How It Benefits Taxpayers
With the Union Budget 2025 set to be presented on February 1, Finance Minister Nirmala Sitharaman faces mounting expectations for tax relief as inflation rises and disposable income shrinks.
-
Union Budget 2025: Experts Hope Government Will Simplify Process Of Claiming Tax Benefits For Education Loans
Section 80E allows individuals to claim deductions on interest paid for loans taken for higher education, including studies abroad.
-
Union Budget 2025: Tax Deduction Terms You Should Know Ahead Of Budget
Tax Deductions: A tax deduction is an expense or expenditure that can be subtracted from an individual's or business's total income, resulting in a lower taxable income.
-
"Irrational": Petition In Supreme Court Seeks Scrapping Of Tax Deducted At Source (TDS)
A PIL filed in the Supreme Court on Thursday sought to scrap the TDS system calling it "arbitrary and irrational" and violative of various fundamental rights, including equality.
-
Gujarat Man Beats Bank Manager Over Tax Deduction On Fixed Deposit
Jaiman Rawal, the customer, was reportedly disappointed over the increased tax deduction on a fixed deposit.
-
Making Exaggerated Claims To Get Refunds Punishable Offence: Tax Department
The I-T Department has asked income tax return filers to not make bogus claims for expenses, under-report their earnings or exaggerate deductions as this is a punishable offence and causes a delay in issuance of refunds.
-
How Much Those Earning Between Rs 10-25 Lakh Will Save In Taxes Now
Finance minister Nirmala Sitharaman on Tuesday increased the standard deduction for salaried employees from Rs 50,000 to Rs 75,000.
-
Union Budget 2024: Aimed At Helping Automotive Retail Industry
The auto industry reacts to the Union budget 2024 with a positive approach. It believes the adjustments in personal taxation could improve retail.
-
"Save As Much As Rs 17,500": Finance Minister on New Tax Regime Slabs
Standard deduction in the new tax regime will be increased from Rs 50,000 to Rs 75,000, Finance Minister Nirmala Sitharaman said Tuesday as she announced the 2024 Union Budget.
-
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.
-
Link PAN With Aadhaar Card Before May 31: Income Tax Department To Taxpayers
The I-T department noted that if a taxpayer fails to link the PAN with Aadhaar Card then it will lead to tax deduction at a higher rate.
-
Link PAN With Aadhaar By May 31 To Avoid Double Income Tax Deduction
The income tax department today asked taxpayers to link PAN with Aadhaar by May 31 to avoid tax deduction at a higher rate.
-
No Penalty For Short TDS Deduction If PAN Linked With Aadhaar By May 31
As per income tax rules, if a Permanent Account Number (PAN) is not linked with biometric Aadhaar, TDS is required to be deducted at double the applicable rate.
-
KuCoin Completes Registration with India’s FIU, Will Deduct 1 Percent TDS on Transactions
KuCoin has become the latest international crypto exchange to have completed compliance with India’s FIU. The tax deduction process on KuCoin for Indian investors and traders will begin on April 10 and the authorities will deposit the amount to India’s financial authorities.
-
Nirmala Sitharaman's Interim Budget Shortly, Focus On Polls
All eyes, from captains of industry to the common man, will be on Union Finance Minister Nirmala Sitharaman, who will present Interim Budget 2024 in Parliament today. Salaried taxpayers are hoping for changes in income tax slabs and higher deductions
-
Budget 2025: What Is Standard Deduction And How It Benefits Taxpayers
With the Union Budget 2025 set to be presented on February 1, Finance Minister Nirmala Sitharaman faces mounting expectations for tax relief as inflation rises and disposable income shrinks.
-
Union Budget 2025: Experts Hope Government Will Simplify Process Of Claiming Tax Benefits For Education Loans
Section 80E allows individuals to claim deductions on interest paid for loans taken for higher education, including studies abroad.
-
Union Budget 2025: Tax Deduction Terms You Should Know Ahead Of Budget
Tax Deductions: A tax deduction is an expense or expenditure that can be subtracted from an individual's or business's total income, resulting in a lower taxable income.
-
"Irrational": Petition In Supreme Court Seeks Scrapping Of Tax Deducted At Source (TDS)
A PIL filed in the Supreme Court on Thursday sought to scrap the TDS system calling it "arbitrary and irrational" and violative of various fundamental rights, including equality.
-
Gujarat Man Beats Bank Manager Over Tax Deduction On Fixed Deposit
Jaiman Rawal, the customer, was reportedly disappointed over the increased tax deduction on a fixed deposit.
-
Making Exaggerated Claims To Get Refunds Punishable Offence: Tax Department
The I-T Department has asked income tax return filers to not make bogus claims for expenses, under-report their earnings or exaggerate deductions as this is a punishable offence and causes a delay in issuance of refunds.
-
How Much Those Earning Between Rs 10-25 Lakh Will Save In Taxes Now
Finance minister Nirmala Sitharaman on Tuesday increased the standard deduction for salaried employees from Rs 50,000 to Rs 75,000.
-
Union Budget 2024: Aimed At Helping Automotive Retail Industry
The auto industry reacts to the Union budget 2024 with a positive approach. It believes the adjustments in personal taxation could improve retail.
-
"Save As Much As Rs 17,500": Finance Minister on New Tax Regime Slabs
Standard deduction in the new tax regime will be increased from Rs 50,000 to Rs 75,000, Finance Minister Nirmala Sitharaman said Tuesday as she announced the 2024 Union Budget.
-
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.
-
Link PAN With Aadhaar Card Before May 31: Income Tax Department To Taxpayers
The I-T department noted that if a taxpayer fails to link the PAN with Aadhaar Card then it will lead to tax deduction at a higher rate.
-
Link PAN With Aadhaar By May 31 To Avoid Double Income Tax Deduction
The income tax department today asked taxpayers to link PAN with Aadhaar by May 31 to avoid tax deduction at a higher rate.
-
No Penalty For Short TDS Deduction If PAN Linked With Aadhaar By May 31
As per income tax rules, if a Permanent Account Number (PAN) is not linked with biometric Aadhaar, TDS is required to be deducted at double the applicable rate.
-
KuCoin Completes Registration with India’s FIU, Will Deduct 1 Percent TDS on Transactions
KuCoin has become the latest international crypto exchange to have completed compliance with India’s FIU. The tax deduction process on KuCoin for Indian investors and traders will begin on April 10 and the authorities will deposit the amount to India’s financial authorities.
-
Nirmala Sitharaman's Interim Budget Shortly, Focus On Polls
All eyes, from captains of industry to the common man, will be on Union Finance Minister Nirmala Sitharaman, who will present Interim Budget 2024 in Parliament today. Salaried taxpayers are hoping for changes in income tax slabs and higher deductions
