CBDT directs employers to ask preferred tax regime of employees for TDS deduction

The Central Board of Direct Taxes (CBDT) issued a circular directing employers…

Standard Deduction in New Tax Regime in Budget 2023: Is it Rs.50,000 or Rs.52,500?

In the recent Union Budget 2023-24, a standard deduction of ₹50,000 was…

Know the Difference: New Versus Old Tax Regimes

The Union Budget 2023-24 has introduced the new tax regime for individual…

File Form No.10-IE to Opt for New Tax Regime

The Union Budget 2020 has introduced a new income tax regime for…

Optimise Your Taxes by Gifting Money to Your Parents and Children

Making investments in your parents or children’s name and reducing your tax…