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Lower effective tax rate of 39% instead of 42.74% in top bracket of new tax regime; here's how marginal relief works

Surcharge on income: Individuals having income(s) above Rs 50 lakh have to pay an additional tax known as 'surcharge'. Budget 2023 made Surcharge rate applicable on the highest income slab to 25% from 37%. Abhishek Soni from Tax2Win says, "This move brought down the effective tax rate from 42.74% to 39%."

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Sejal Jaiswal Joins TV Show 'Krishna Mohini' Cast, To Play Fashion Designer

Actress Sejal Jaiswal, who has worked in shows such as 'Yeh Dil Mange More' and 'Dating in the Dark', has joined the cast of upcoming TV show titled 'Krishna

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LTA exemption: What is Leave Travel Allowance and can you claim it at the time of filing your income tax return? | Business

Financial Literacy News: Salaried individuals typically need to give proof of their expenses and investments to get tax deductions under the Income-tax Act. One common tax exemption available to salaried individuals is the Leave Travel Allowance or LTA. Leave Travel Allowance (LTA), often included in your salary, pays for your vacation travel expenses. It also covers travel costs for family members such as spouses, children (up to two if born on or after October 1, 1998), dependent parents, and dependent siblings.

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Sejal Jaiswal joins TV show 'Krishna Mohini' cast, to play fashion designer

Actress Sejal Jaiswal, who has worked in shows such as 'Yeh Dil Mange More' and 'Dating in the Dark', has joined the cast of upcoming TV show titled 'Krishna Mohini', starring Debattama Saha and Fahmaan Khan.Confirming the news, Sejal said: ...

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Sejal Jaiswal Joins TV Show 'Krishna Mohini' Cast, To Play Fashion Designer

Sejal Jaiswal Joins TV Show 'Krishna Mohini' Cast, To Play Fashion Designer
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You Can File Income Tax Returns Even If Your PAN Is Inoperative: Find Out How? - Trak.in - Indian Business of Tech, Mobile & Startups

You Can File Income Tax Returns Even If Your PAN Is Inoperative: Find Out How? - Trak.in - Indian Business of Tech, Mobile & Startups
trak.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from trak.in Daily Mail and Mail on Sunday newspapers.

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Last minute tax saving tips from income tax experts

Last minute tax saving tips from income tax experts
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New ITR-V, ITR acknowledgement forms notified: Read updated instructions carefully or else penal consequences can apply

New ITR-V, acknowledgement form for income tax return: The income tax department has notified a new ITR-V and acknowledgement forms for FY 2023-24 (AY 2024-25). The notified new forms will be effective from April 1, 2024. Here is all taxpayers should know about the new ITR-V and acknowledgement forms.

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LTA exemption: Submit tax-saving proofs to employer by March 31 deadline as claiming LTA in ITR is a hassle

LTA, usually a component of your salary, covers the expenses of your travel during vacation. The cost incurred for family members who travel with an employees is also allowed as exemption. To claim LTA, the employee typically needs to submit documentary evidence of the incurred travel expenditure to the employers within specific deadlines.

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Income tax e-filing: You can file your ITR even if your PAN card is inoperative

Income tax e-filing: Inoperative PAN? Still possible to file an income tax return without Aadhaar OTP verification

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