deductions

ITR Filing 2023: Income tax deductions are specific expenses or allowances that taxpayers can claim to reduce their taxable income, thereby lowering their overall tax liability. These deductions are provided under various sections of the…

Section 80C of the Income Tax Act permits you to lessen your taxable income and hence your tax burden.The deadline for reporting your ITR for the fiscal year 2022-23 or assessment year 2023-24 is July 31, 2023.Every year at this time,…

Dependents' complaints to be investigated by tehsildar in Kerala.Employees benefiting from the Dying in Harness Scheme will be held accountable for the safety and needs of other dependents of the deceased. In a recent cabinet meeting…

It allows taxpayers to claim a tax deduction for gifts made to charitable organisations.One of the ways is to make a charitable donation under section 80G of the Income Tax Act. As we enter the month of July, tax filing season is in…

The deadline to file income tax returns (ITRs) for the financial year 2022-23 (assessment year 2023-24) is July 21. Senior citizens, however, get several tax benefits under the Income Tax (IT) Act, 1961. Representational Image…

Income tax exemptions and deductions are allowed to be claimed from the 'income', whereas rebate is allowed to be claimed from 'tax payable'.ITR AY 2023-24: The old tax regime has exemptions, deductions and rebates available; while the new…

MILAN :Italy's soccer authorities on Tuesday said they had reached a settlement agreement with Juventus in a case centred on alleged irregularities concerning the club's payment of players' salaries.With the settlement, Italy's most…

Taxpayers must note that if you are an employee, and fail to choose between the new and old tax regime, you will have TDS cut at the new regime rates. Taxpayers who wish to opt for the old tax regime to retain their tax benefits must make…

Last Updated: April 13, 2023, 08:38 ISTIncome Tax Benefits For Salaried Employees Filing ITR: There are certain deductions that any salaried employee can avail of while filing their income tax returns. There are certain deductions like…

While the new tax regime may offer some benefits, you will have to let go of many tax deductions and exemptions that are available in the old tax regime.Many of the deductions and exemptions available in the old tax regime are not there in…