As per the Income Tax Act, 1961, it is mandatory to file an Income Tax Return (ITR) if your taxable income is more than the ...
From the perspective of the salaried employee, the various tax benefits that are denied are: House Rent Allowance, Leave Travel Allowance, deductions under various sections of Chapter VI-A ...
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Tax savings: How rockstar Section 80C is the protagonist of Old Tax Regime; check all deductionsThose selecting the new tax regime are not eligible for this deduction. Each year, taxpayers anticipate an increase in the Section 80C limit in the ... income in Chapter VI A.
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