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What is Income Tax? What Are the Types of Income Tax?

October 8, 2024

Income tax is one of the discussed topics that gained traction in the financial world. For seasoned taxpayers or those who want to earn,...

A Comprehensive Guide to Claiming Benefits Under Section 87A of Income Tax Act

October 3, 2024

According to Salary Slip, Section 87A was introduced by the Government in 2013-14 to support individuals in paying income tax. This Section 87A provides...

Exploring Section 139(1) of the Income Tax Act: A Comprehensive Guide

September 19, 2024

What Is Section 139(1) Of Income Tax Act?Who Can File ITR Under Section 139(1)?Key Benefits and Features of Filing ITR: Under Section 139(1) of...

What is Section 80C of the Income Tax Act and Other Deductions Under 80C

July 3, 2024

Section 80C of the Income Tax Act of India is a section that points to numerous costs and investments that are exempted from income...

Standard Deduction for Salaried Individuals in New & Old Tax Regime 2024

June 24, 2024

To claim any tax deduction, it is mandatory to have valid proof that shows the real investment or rate has been incurred. But what...

Income tax Allowances and Deductions Allowed in Salary Slip 2024

June 19, 2024

Income tax is a tax that is levied on any person’s or company’s salary at some point in a financial year. It is immediately...

How To Save Income Tax For Salary Above 20 Lakhs?

June 18, 2024

Taxes are a necessary part of the economy that works closer to the development and welfare of society. But we can not ignore the...

Calculate Your Income Tax Above 15 Lakh and How to Save it

June 12, 2024

Finance Minister Nirmala Sitharaman introduced the new tax regime in Budget 2020 giving taxpayers the option to pick out between it and the existing...