[ad_1] In FY 2023-24, the new tax regime became a default regime. This shift has led many taxpayers to wonder whether traditional tax-saving investments such as PPF (Public Provident Fund), NSC (National Savings Certificate), post office saving scheme and NPS (National Pension System) are still relevant for the purpose of investment. The tax-saving instruments, which…
[ad_1] The recently announced Budget 2024 has brought significant changes to the income tax regime, raising pertinent questions about which tax structure—old or new—will be more advantageous for different categories of taxpayers. Finance Minister Nirmala Sitharaman’s revisions include adjustments to tax slabs and deductions, aimed at providing relief to various segments of taxpayers. Let’s delve…
[ad_1] Finance minister Nirmala Sitharaman gave us a reason to smile during her presentation of the Union budget 2023 when she announced that those with income up to â‚ą5 lakh do not have to pay any income tax in both old and new tax regimes. She proposed increasing the rebate limit in the new tax…
