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income tax exemption limit

Still Don’t Know About Exemptions, Deductions Under Old And New Income Tax Regimes? Check Here

Jessica Apr 11, 2023

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…

Business

Budget 2023 Expectations: Income Tax Relief For Salaried Individuals, Section 80C Limit Tweak Likely

Jessica Dec 25, 2022

Edited By: Mohammad HarisLast Updated: December 19, 2022, 17:43 ISTIncome tax is currently exempt on a total income of up to Rs 2.50 lakh a year.Industry body Assocham has also urged the government to raise the income tax exemption limit to…