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Old Tax Regime vs New Tax Regime: Here's guide on which tax system to choose if your salary is Rs 80,000

The Finance Act 2023 has made the new tax regime as the default tax regime for FY 2023-24 (AY 2024-25). The taxpayers can switch between the old and the new tax regime on a year-on-year basis.

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'No new change coming in': Finance ministry clears confusion over new tax regime in 6-point note

New tax regime is the default tax regime, however, tax payers can choose the tax regime (old or new) that they think is beneficial to them.

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'If you're married and a Hindu...': Billionaire Nithin Kamath highlights a way to save taxes

Other entrepreneurs and former IAS officers also spoke in favour of the HUF, calling it a 'game changer' when it comes to saving taxes.

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KRA Calls Attention to Employers Denying Disability Tax Reliefs to PWDs

The Kenya Revenue Authority (KRA) has cautioned employers against unlawfully withholding monthly tax reliefs for disability from their workers as mandated by the law.

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KRA calls out employers denying PWDs tax reliefs for disability

Affected workers are losing up to Sh440,400 annually due to the non-compliance of their employers.

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KRA calls out employers for denying PWDs disability pay

KRA calls out employers for denying PWDs disability pay
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Income Tax: Old tax regime vs new tax regime and how to switch between the two?

The traditional tax system provides an extensive array of deductions and exemptions, appealing to individuals who can leverage them effectively. The decision between the old and new tax regimes hinges on various factors, such as your income level, investment strategies, and more.

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Will Section 80C tax benefits get hiked in the Election Budget?

Section 80C is perhaps the most popular section in the Income Tax Act for claiming tax deductions. You can claim deductions for investments made in different avenues such as PPF, NPS, ELSS, among others for a total of up to Rs 1.5 lakh per financial year.

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Budget expectations: What Middle Class can expect from FM Nirmala Sitharaman? Here's a wishlist

The Budget is crucial this year as it is the election year and the government holds the key. All eyes are on Finance Minister Nirmala Sitharaman on how the NDA government would balance the fiscal goals and electoral appeal.

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Donations For Ram Mandir Now Eligible For Income Tax Deduction

The Central Board of Direct Taxes (CBDT) has explicitly stated that donations to the Shri Ram Janmabhoomi Teerth Kshetra are eligible for this tax benefit.

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