salaried taxpayers

Budget 2024: With greater incentives rolled out, would it be beneficial for taxpayers to embrace new tax regime?

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Budget 2024: With greater incentives rolled out, would it be beneficial for taxpayers to embrace new tax regime?

On July 23, 2024, Finance Minister Nirmala Sitharaman presented the Union Budget 2024-25 in the Parliament, announcing modifications to direct taxes. One notable highlight of the Union Budget 2024-25 is the 50% rise in the standard deduction, now up to ₹75,000. This is a beneficial move for salaried taxpayers, particularly those choosing the new tax … Read more

Income Tax: Make note of these 5 key points if you are a salaried taxpayer

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Income Tax: Make note of these 5 key points if you are a salaried taxpayer

As the deadline of July 31 to file income tax (I-T) returns is approaching fast, taxpayers must be scouting for documents, forms and necessary information to be able to file their tax return as soon as they can. Before filing your tax return, make sure that you have linked your aadhaar with your PAN. The bank account … Read more