Tag: income tax rates

According to the provision of Act and debt oriented mutual fund purchased after 01.04.2023 or market linked debentures will always ...

When one shows this income as business income they cannot offer this income under 44AD, as 44AD does not allow ...

Thus, a person could earn around 770000 under new tax regime and could end up paying only Rs.20800 in tax ...

Although, new tax regime is the default tax regime, tax payers can choose the tax regime that they think is ...

Other than resident senior citizen who don't have business income in their income tax return, all other types of assessee ...

eligible donations made by a trust 1 institution shall be treated as application for charitable or religious purposes only to ...

Section 115BAC deals with lower/ concessional tax rates for individual, HUF etc. rather than the tax rates prescribed for individual ...

having regard to the maximum amount receivable by its employees as cash equivalent of leave salary in respect of the ...

No amendment has been proposed in the old Tax regime for Individual and HUF but amendments have been only proposed ...

The utilization of corpus, loans or borrowings by a charitable or religious trust prior to 01-04-2021 will not be considered ...

Considering the above standard deduction and new tax slabs it was mentioned in the Parliament that a salaried employee will ...

In this post we shall try to discuss the aspect of period of holding under Income Tax Act to bifurcate ...

Thus, this is how losses save you taxes and one should plan his portfolio accordingly and check it 1-2 days ...

Heads of income are mentioned in Section 14 of the Income Tax Act, 1961: A.—Salaries. B.—Income from house property. C.—Profits ...

Income tax slab rates are the rates defined under Income tax act and are mentioned in the Finance Act every ...