Old and new tax regimes: How to choose the best option for saving money
Salaried individuals have two options when filing their Income Tax Return (ITR): the old or the new tax regime. Each has its ...
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Eight reasons to opt for the old tax regime
Although the new tax regime offers lower income tax rates ... including those under Sections 80G, 80TTA, and specific benefits for senior citizens, contribute to tax savings under the old regime.
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ITR filing: Tax saving options investors can choose in the new tax regime?
Since deductions under 80C, 80D, 80DD and 80G are not permitted in the new tax regime, taxpayers can still claim a few deductions which are listed below. As per the provision of Section 115BAC of ...
Donations to Ayodhya Ram Mandir can help you save taxes: Here is how
Donations for Ayodhya Ram Mandir can help you save on taxes under Section 80G of the Income Tax Act.
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Comparison of New and Old Income Tax Regimes: Tax Calculation for Salaries Up to ₹10 Crore
New vs. Old Tax Regime Many high-income earners frequently ask about the tax implications on salaries ranging from ₹1 crore ...
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Have You Met Your Income Tax Deadlines? Here’s What Needs To Be Done Before March 31
With the financial year-end approaching, taxpayers must meet a few important income tax deadlines to avoid penalties and ...
Tax saving on donation: You can get up to 50% deduction on your donation to Ayodhya Ram Mandir
If you want to save some income tax by reducing your total taxable income then Section 80G is one of the available options.
Income Tax: These important deadlines expire before March 31. Check list here
I. Investing for tax deduction: Investors must invest before March 31 to be able to claim tax deduction for the financial ...
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Income tax disclosures in new fiscal year
In the new tax regime, Chapter-VIA deductions cannot be ... (Chapter-VI A includes section 80C, 80D, 80DD, 80G etc.) ...