Finance Minister Nirmala Sitharaman has made the new tax regime more attractive by making income up to Rs 12 lakh tax-free in the budget. No changes have been made to the old tax regime in the budget.

Understand the major updates in India’s Income Tax Bill 2025, including tax law simplification and a shift to a unified tax ...

Medical expenses can be a major tax deduction, but only if they go over 7.5% of your adjusted gross income, which is ...

The Simplified Income Tax Bill 2025, introduced by Finance Minister Nirmala Sitharaman, will replace the outdated Income Tax ...

As per the Income Tax Act, 1961, it is mandatory to file an Income Tax Return (ITR) if your taxable income is more than the ...

After Budget 2025 generously slashed tax rates across all income ranges in the ... Well, not yet for those paying rent. Tax-saving component of the house rent allowance (HRA) makes the old tax ...

This 1098 form shows the mortgage interest you pay on your house ... including tax bills, receipts, and bank statements, to ...

These conditions include being a salaried person who is paying rent for a residential property, and receiving HRA as part of their salary. HRA is a part of your salary income ... Tax. To claim this ...

If phantom income is not properly analyzed by counsel and the court in a matrimonial case, the result perforce may be ...

Late last year, the Office of the State Comptroller (the “OSC”) estimated that sales and use tax receipts would increase by 2.3% in the SFY ...