Recent updates clarify that NSS withdrawals associated with Section 80CCA deductions are exempt from TDS under Section 194EE. Investors can receive the complete principal amount without tax, with only the interest being subject to taxation.

This document outlines the GST Amnesty Scheme as per Section 128A, which provides waivers for penalties related to late GST submissions. Understand the criteria for eligibility, the advantages, and the detailed steps for applying prior to the deadline of March 31, 2025.

This important reminder highlights the crucial deadline of March 31, 2025, for submitting your ITR for AY 2023-24. Discover the penalties associated with late submissions, typical errors to steer clear of, and a detailed guide to help you file your tax return promptly.

Section 80E and HRA are two major tax deductions in India. Section 80E permits deductions for school loan interest, while HRA gives relief for rent payments. This article discusses how these deductions operate, their important characteristics, and how to optimize your tax savings by utilizing both.

This blog discusses the tax benefits of the House Rent Allowance (HRA) and Leave Travel Allowance (LTA) under the Income Tax Act. Learn how to calculate HRA exemptions, claim LTA benefits, and compare the old and new tax systems to optimize your tax savings in 2024.

This blog explains the tax benefits under the Finance (No.2) Act, 2024, for income levels up to ₹24 lakhs. Learn how the new tax slabs and rebates reduce tax liability and increase disposable income.

The Union Budget 2025 included a tax credit for yearly incomes up to Rs 12 lakh, however capital gains are excluded. This blog examines the refund, its exclusions, and ways for maximizing tax savings.

The Indian tax system offers two regimes—old and new—each with distinct slab rates, deductions, and exemptions. This blog compares both regimes, using examples to help you decide which one suits you best for FY 2025-26. Learn how to minimize your tax liability based on your income and investments.

This blog describes the notion of a Lower Tax Deduction Certificate (LTDC) in India, its benefits, and how to apply for it. Learn how to lower TDS on your income by filling out Form 13 under Section 197 of the Income Tax Act. Learn about qualifying requirements, needed documentation, and how an LTDC may enhance your cash flow and lower your tax burden.

The Indian government provides two tax regimes – the Old Regime and the New Regime – each with its own benefits and drawbacks. The Old Regime offers multiple deductions and exemptions, while the New Regime provides lower tax rates with minimal exemptions. This blog explores the key differences, tax calculations, and real-life illustrations to help taxpayers make an informed choice. Find out which tax regime suits your financial situation best!

A number of important improvements have been proposed by the Employees' Provident Fund Organization (EPFO) for 2025 with the goal of enhancing customer ease, efficiency, and transparency. A Centralized Pension Payment System (CPPS), a simplified joint declaration procedure, digital profile updates, quicker EPF withdrawals, and an auto-transfer function for job changers are some of the major modifications. These changes provide workers more control over their provident fund accounts, streamline EPF contributions, and improve grievance resolution. To get the most out of your EPF benefits, be informed about these significant changes.

This blog provides a step-by-step strategy for persons earning 12 lakh annually to legally pay zero income tax. It investigates significant deductions and exemptions under several parts of the Income Tax Act, such as parts 80C, 80D, HRA, and NPS, and provides practical examples to aid comprehension.