This blog post offers a concise overview of how to reduce your tax bill for the 2024-2025 financial year (FY) in India. It clarifies the difference between deductions and exemptions, highlighting popular options like Section 80C (investments) and Section 80D (health insurance). It also mentions other helpful sections and reminds readers to keep documentation organized. The synopsis emphasizes that strategic use of deductions and exemptions can save taxpayers money.

This guide summarizes 7 key income tax regulations for salaried individuals in India applicable to the financial year 2024-25 (Assessment Year 2025-26). It covers choosing between the new and old tax regimes, understanding tax slabs and exemptions, maximizing deductions, and adhering to ITR filing deadlines.

Paying taxes is inevitable, but that doesn't mean you have to overpay. This blog post explores five practical strategies that individuals in India can leverage to maximize their tax deductions and credits, allowing them to keep more of their hard-earned money.

The standard deduction was last revised nearly five years ago, in 2019. In the upcoming Interim Budget 2024, middle-class taxpayers are hopeful that the government will introduce tax incentives.

Section 80G of the Income-tax Act, 1961 is a provision designed to encourage charitable contributions by offering tax deductions to individuals and organizations in India.

The Delhi bench of the Income-tax Appellate Tribunal (ITAT) has overturned a revisionary order from the Principal Commissioner of Income-tax.