Income Tax Changes Budget 2024: In the recent Budget 2024 speech, the Finance Minister kept the Section 80C tax deduction limit unchanged. The maximum limit for claiming tax benefits under Section ...

Among the primary expectations of taxpayers are the rationalization of income tax slab rates and an increase in the Section ...

Taxpayers are keenly awaiting possible reductions in tax rates and increased exemption limits, amid ongoing high inflation ...

Income tax payers have a list of demands, including a 30 percent tax slab applicable only to those earning above Rs 20 lakh, ...

Amid rising healthcare costs, there is growing demand to raise the tax deduction limits under Section 80D for health insurance premiums ...

Under the old tax regime a standard deduction of Rs 50,000 is available for the salaried class, on the other hand, under the ...

Many taxpayers believe that the existing limit of Rs 1.5 lakh for investments in fixed deposits, ELSS, and housing loan ...

The main focus is the long-standing demand for raising the deduction limit under Section 80C of the Income Tax Act, with tax liability capped at Rs 1.5 lakh from 2014. Provision is the cornerstone ...