When it comes to filing your Income Tax Return, taxpayers often look forward to maximising benefits through various deductions and exemptions. Among the various sections of the Income Tax Act, 1961, ...

In India, health insurance isn’t just a safety net for medical emergencies—it’s a smart way to save on taxes. One of the most beneficial provisions in the Income Tax Act is Section 80D, which allows ...

Having a health insurance policy provides a safety net for you and your family members. In addition to providing financial security, a health insurance policy can also help you save on taxes. To ...

Exemptions, deductions and rebates may sound similar, but they work at different stages of tax calculation and directly influence how much tax a taxpayer finally pays ...

The new tax regime is looking pretty good now since there is no tax on income up to Rs 12 lakh, and Rs 12.75 lakh for salaried folks thanks to the enhanced Section 87A tax rebate. So, it seems like ...

The draft income-tax rules make it clear that several salary-linked exemptions and non-taxable perquisites continue to be ...