Your FY 2024-25 investments directly impact your AY 2025-26 tax return. This guide covers tax-saving deductions (80C, 80D), taxable income (interest, dividends), capital gains reporting, and regime selection (old vs new). Ensure accurate filing with proper documentation.

The Income Tax Bill 2025 introduces Clause 123, replacing Section 80C, to streamline tax-saving deductions. This blog explores the implications of this change, how it affects taxpayers, and what it means for future tax planning. Learn about the unchanged deduction limits, eligible investments, and the simplified tax structure under Clause 123.

By declaring that no structural modifications to the capital gains tax system are under consideration, the government has reassured private investors and High Net Worth Individuals (HNIs). This ruling, which was announced on January 22, 2025, gives investors much-needed confidence and guarantees stability in India's tax system. The blog discusses the basics of capital gains tax, making a distinction between short-term capital gains (STCG) and long-term capital gains (LTCG), and stressing the significance of the government's resolve to preserve the current framework. Stability in tax policy, the maintenance of investment incentives, and increased market trust are important lessons learned that guarantee investors may smoothly organize their finances.

For shareholders, the proposed increase in the corporate tax rate from 21% to 28% might have significant ramifications. Reduced capital gains, dividends, and corporate earnings might put stockholders at risk of higher taxes and slower market expansion. Higher taxes, though, may also lessen income disparity and boost public coffers. This blog examines the possible advantages and disadvantages of the new income tax laws for shareholders and offers advice on adjusting to these adjustments.

The Public Provident Fund (PPF) regulations have undergone substantial modifications for investors with the implementation of the 2024 revisions on October 1st. A greater deposit cap, more freedom for early withdrawals, online nomination, longer loan terms, and quarterly interest rate adjustments are a few of them. PPF account holders now have more flexibility, investment possibilities, and convenience thanks to these changes.

This blog article gives a full summary of the Annual Information Statement (AIS) and Tax Information Summary (TIS) for Assessment Year 2024-25. It describes the important improvements and modifications implemented by the Income Tax Department, such as additional information fields and enhanced accuracy. The site also teaches readers how to obtain AIS/TIS, comprehend its importance, and use it efficiently for proper income tax reporting.

This blog post explores the nuances of indexation benefits for Non-Resident Indians (NRIs) in India, highlighting the differences between residents and NRIs, and providing guidance on how to plan investments to minimize tax liability.

This blog post provides a comprehensive guide to Form 12BB, a statement of claims by an employee for deduction of tax. It covers the importance of Form 12BB, what to declare, and how to fill it out correctly.

Navigating India's tax system can be complex, but understanding tax-free income avenues can help you save significantly. This comprehensive guide covers the basic exemption limits, agricultural income, HUF income, gratuity, leave encashment, pensions, and more. Explore how to optimize your tax planning with exemptions on PPF, EPF, life insurance proceeds, gifts, scholarships, and other sources. Whether you're a salaried employee, retiree, or investor, this guide will help you make informed financial decisions and minimize your tax liabilities.

Discover how to maximize your tax savings with Section 80C of the Income Tax Act. This guide covers eligible investments like PPF, EPF, NSC, and tax-saving fixed deposits. Learn strategies to utilize the ₹1.5 lakh deduction limit, understand subsections 80CCC and 80CCD, and plan your finances for long-term benefits. Optimize your tax-saving strategies with this in-depth exploration of Section 80C deductions.

Navigating through tax season can be daunting, but with Form 12BB as your ally, you can conquer it effortlessly. This comprehensive guide equips salaried individuals with the knowledge and tools needed to optimize tax savings and ensure compliance. From understanding the significance of Form 12BB to mastering the art of filling it correctly, this guide empowers readers to confidently tackle tax declarations and emerge victorious during tax season