₹12 लाख तक की सालाना इनकम पर कोई इनकम टैक्स नहीं Income Tax Rates for 2026–27 (New Tax Regime); The Government has introduced a major income tax relief for the middle class under the New Income Tax Regime for FY 2026–27. Individuals earning up to ₹12 lakh annually will now pay zero income tax (excluding special-rate income such as capital … Read more
No Income Tax Up to ₹ 12.75 Lakh for Salaried Tax Payers! No Income Tax Up to ₹ 12.75 Lakh for Salaried Tax Payers: Income Tax Exemption for Salaried Individuals Earning Up to ₹ 12.75 Lakh: Is This Accurate? Indeed, it may seem astonishing, but it is accurate! This is excellent news for Central Government … Read more
Income Tax AY 2020-21 Calculator for Salaried (Central and State Government) Employees 100% of the Government employees are paying income tax for their monthly salary, arrears, bonus, and every rupee [Note: The above calculation for general information purpose only] The Central Govt announced recently in the Union Budget 2020-21 a new optional Income Tax slab … Read more
HRA Tax Exemption Calculator for Salaried Employees Income Tax Exemption Calculation on House Rent Allowance for Central and State Government Employees with Rules and Regulations The new rates of 7th Central Pay Commission House Rent Allowance with effect from 1.1.2016 such as 8%, 16%, 24% of basic salary House Rent Allowance (HRA) is a consolidated … Read more
Income Tax India has provided a Tax Calculator to compare the tax system in the Old Regime with the New Regime, as stated in the Finance Bill of 2023. Old Regime Vs New Regime Tax Online Calculator 2023-24 According to Finance Minister Nirmala Sitharaman, changes have been made in the income tax slabs under the … Read more
Tax-Free Pension: BPS Calls for Change, PM & FM Addressed In a heartfelt and urgent plea for change, the Bharatiya Pensioners Samaj (BPS) has penned letters to the Prime Minister, the Finance Minister, and the Minister of State in the Prime Minister’s Office to advocate for the exemption of pensions from income tax. The BPS … Read more
Benefits for Senior Citizens & Super Senior Citizens Under Income-Tax Act The Income Tax Department has released an informative e-brochure titled “Benefits for Senior Citizens and Super Senior Citizens under Income-tax Act, 1961.” This comprehensive brochure aims to provide detailed information about the various benefits available to senior citizens and super senior citizens under the … Read more
Retention of Laptop After Retirement | Policy & Form The policy and application form for the retention of a departmental laptop after retirement on superannuation or leaving the organization provide guidelines and a formal process for individuals who wish to keep their laptop after their employment ends. This policy ensures that the organization’s assets are … Read more
10D Life Insurance Policy Guidelines – Circular No. 15 of 2023 According to Circular No. 15 of 2023, there are specific guidelines outlined under clause (10D) for the sum received from a life insurance policy under Section 10 of the Income-tax Act, 1961. These guidelines provide clarity and direction for individuals who have received a … Read more
Income-tax 17th Amendment Rules 2023 – Foreign Currency Tax Rate According to the Income-tax (Seventeenth Amendment) Rules of 2023, a set of regulations that govern taxation, there is a specific rate of exchange that is used for the purpose of deducting tax at source on income that is payable in foreign currency. This rule ensures … Read more