[ad_1] You need to be very cautious in calculating your taxable income as even a minor miscalculation at a critical threshold of Rs 7 lakh may make you pay significant income tax instead of zero tax. The government has given a great push to make...
[ad_1] BJP spokesperson Gopal Krishna Agarwal Wednesday lauded the Union Budget, saying it has presented a larger picture of growth and progress in the economy while making various provisions for different sectors. In a video interview with PTI, he said the government's continued focus on...
[ad_1] Finance minister Nirmala Sitharaman has not made any announcements regarding changes to the section 80C limit of the Income-tax Act, 1961. This means that individuals who are planning to continue with the old income tax regime for financial year 2023-24 (starting from April 1,...
[ad_1] The Union Budget 2023 was presented by the Finance-Minister today. The Budget aims to provide tax benefits to hard-working salaried class by making numerous changes to tax rates impacting taxpayers at the lowest and the highest tax rates, under the new tax regime. This...
[ad_1] Finance Minister Nirmala Sitharaman has dashed the hopes of many salaried individuals in Budget 2023 as there were no changes announced in the calculation of tax exemption on house rent allowance (HRA). This would effectively mean that salaried individuals will continue to use the...
[ad_1] The Indian government has proposed to increase total investment by its eight state-owned power companies by about 15%, taking the total investment to Rs 60,805 crore for the financial year 2023-24. This compares to a revised estimate of Rs 52,878 crore for the current...
[ad_1] “The Budget has been well thought of as it has been over the last three years which is the reason we have not had an inflation problem or forex crisis or anything like that because the government has handled the macro very well including...
[ad_1] Sending a clear message about its internal security priorities, the Modi government on Wednesday allocated Rs 1.96 lakh crore to the Ministry of Home Affairs (MHA) with a majority of the spending on Central Armed Police Forces such as CRPF and intelligence gathering. The...
[ad_1] While filing income tax returns online the old tax regime has been the default tax regime so far but it is going to change from next year FY24 when the new tax regime will become the default tax regime. "We are also making the...
[ad_1] The revised income tax slabs of the new tax regime that was announced in Budget 2023 has shifted a break-even point between the old tax regime and the revised new income tax slabs for the salaried, senior citizens and super senior citizensThe break-even point...