[ad_1] While the new tax regime trims down the deductions and exemptions available to taxpayers, it still offers several strategic benefits that can lighten the load for individual taxpayers.Ā Hereās a breakdown of what you can still claim under the revamped system. Deductions For salaried individuals who opt for the new tax regime, thereās a…
[ad_1] Imagine getting a salary bump, only to find that your tax bill eats up mostāif not allāof your raise. While the new tax regime in Budget 2025 promises no tax on incomes up to ā¹12 lakh, it doesnāt necessarily mean that earning a little more is always beneficial. Thankfully, marginal relief has your back,…
[ad_1] In the recent past, did you make a remittance outside India under the LRS scheme for your childās education or book an overseas tour package? Based on the transaction amount, you must have paid Tax Collected at Source (TCS) of 5% or 20%. To claim the TCS amount paid, you will have to wait…
