Budget 2023 has finally plugged a loophole that was exploited by homebuyers, particularly those who had availed of home loans Source: money
The revised new income tax regime was the showstopper for this budget..FM proposed changing the tax structure in the new regime by reducing the number…
More people are banking with companies that hold their 401(k)s Source: money
Notably, income from annuities and single-premium policies generally gets taxed. Income on ULIPs above the annual premium of ₹2.5 lakh has also been taxed for…
The government is not happy with the response received to the new tax regime applicable to individual tax payers. In order to ensure that more…
Section 54 of present tax laws allows you exemption on long term capital gains on sale of a residential house if you invest the indexed…
Nirmala Sitharaman while presenting Budget 2023 announced an increase in the income tax rebate limit under the new income tax regime Source: money
The NCDs have a face value of ₹1000 each, aggregating up to ₹ 122 crore with an option to retain over-subscription of up to ₹122…
New income tax regime: Under Section 87A, a taxpayer is given tax rebate of ₹25,000 in both new and old tax regime Source: money
New vs old income tax regime: To provide some relief to the middle class, Finance Minister Nirmala Sitharaman tweaked the slabs Source: money