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Old vs New Tax Regime: This year's Budget has made the new tax regime the default choice for salaried taxpayers. If you haven't conveyed your preferen
Income tax relief was provided for salaried individuals, while amendments in direct taxation were introduced in Budget 2023
India Business News: The Income Tax department is scrutinizing the discrepancies between employer-calculated and employee-claimed tax data, intensifying its scrutiny to en
Tax saving mutual funds or ELSSs invest in stocks. Therefore, they have a very high risk. You should be aware of this aspect, especially if you are a first-time investor in equity mutual funds.
As the financial year-end nears and companies seek proof from employees choosing the old tax regime which supports rebates and deduction, investors scout for options to save tax under Section 80C. An investor can get a tax benefit of up to Rs 1.5 lakh by investing in an equity-linked savings scheme (ELSS).