The Finance Ministry has issued a clarification amidst the dissemination of misleading information on social media…
Tag: deductions
What you can do to get your employer to deposit PF, TDS
Delhi-based Bansal (39), a start-up employee, realized that his PF contribution data was missing while filling…
Income tax planning trends for this year and outlook for 2024
Budget 2023 showcased a continuation of poverty alleviation initiatives, agricultural enhancements, and railway modernisation efforts. However,…
Year-end tax planning: How to make the most of the tax deductions available?
Section 80C Section 80C of the Income Tax Act allows you a deduction from taxable income…
What type of investments will help reduce my taxable income?
I am 27-year-old working for a multinational company (MNC), drawing a net salary of ₹1.4 lakh…
Should you opt for the new or old income tax regime?
How should I decide which is a better tax regime for me—old or new tax regime?…
Wrong deductions, exemptions in income tax returns can land taxpayers in trouble
Mistakes in ITR filing: Income taxpayers should accurately report income and claim eligible deductions to avoid…
Are PPF, mediclaim a must in new tax regime?
I am planning to opt for the new tax regime while filing my income tax return…