Old vs New Tax Regime
Old Regime (Optional Tax Regime) Detailed Deductions: Explain some of the most used deductions under the old regime, such as: Section 80C: Investments in instruments like EPF, PPF, NSC, etc. Section 80D: Premiums paid for health insurance policies. Section 24(b): Interest paid on home loans. These deductions help reduce taxable income […]
ESSENTIAL TIPS FOR EVERY TAX PAYER
ESSENTIAL TIPS FOR EVERY TAX PAYER Admin May 6, 2024 Tax season can be a stressful time for many individuals, but with the right knowledge and preparation, you can navigate your tax obligations with confidence. Whether you’re a seasoned taxpayer or filing for the first time, these essential tips will help you stay organized, maximize […]
ENSURING COMPLIANCE AND EFFICIENCY
ENSURING COMPLIANCE AND EFFICIENCY Admin April 23, 2024 Let’s delve into the noteworthy changes and their implications. ITR1: SIMPLIFYING INDIVIDUAL TAX FILING ITR1, commonly known as Sahaj Form, is tailored for salaried individuals with income sources limited to […]