Income Tax Deduction

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…

<!-- -->Income Tax Returns: The penalty on late filing of ITR may go up to Rs 5,000.The due date for filing income tax returns for individual taxpayers for the assessment year 2022-23 was July 31. However, those who missed the…