Income Tax Articles
Old vs. New Tax Regime: Which One is Better for You After Budget 2025?
The Union Budget 2025 has brought cheers on the face of the middle class and crores of people. Because you need not pay any tax if you are earning an aggregate of Rs. 12 Lakhs or less during financial year on fulfillment of some terms and conditions.
Income Tax Exemption 2025 for Salaried Individuals: How to Maximize Your Savings
Income tax exemption is a treasured tool for salaried individuals to lessen their taxable profits and maximize savings. The Income Tax Exemption 2025 provisions provide diverse deductions and exemptions designed to ease the tax burden on taxpayers.
FAQs on Principal Purpose Test (PPT) and Recent Clarifications by CBDT
The Principal Purpose Test (PPT) is a provision under the Multilateral Instrument (MLI) to prevent treaty abuse and aggressive tax planning practices. It aims to ensure that treaty benefits are granted only when the principal purpose of a transaction or arrangement is genuine and not merely to obtain treaty benefits.
What is Book Identification Number in TDS?
The Book Identification Number, also called BIN, is a unique reference number generated by the Pay & Accounts Office, District Treasury Office, or Cheque Drawing & Disbursing Officer when filing Form 24G, which is used by government deductors for depositing TDS/TCS to track Tax Deducted at Source and Tax Collected at Source payments made by government offices without the challans.
Income Tax Calculator for FY 2025-26
A major change introduced in the Finance Bill 2025 is restructuring the New Income Tax regime to provide more take-home to salaried employees and encourage them to spend or invest further
Simplify Your Tax Calculations with comparison with Old and New Regime as per the Finance Bill 2025
Are you a salaried employee looking to simplify your income tax calculations? Look no further! I am excited to introduce my Auto Calculator Income Tax Excel Sheet.
Retention of Seized Books of Account u/s 132(8) of the Income Tax Act, 1961
Learn about the retention rules for seized documents under Section 132(8) of the Income-tax Act, 1961, and amendments introduced by the Finance Bill 2025.
Budget 2025: How the New Tax Regime Takes the Lead
This article explores the key changes in the new tax slabs, how the increased rebate impacts individuals, and why the new tax regime is the more beneficial choice for most taxpayers in India today.
Key Proposals of Union Budget 2025 - Income Tax
Key Amendments proposed in Budget 2025 (Income Tax)
Understanding Section 194T: TDS on Payments to Partners - FAQs
Section 194T is a new provision introduced by the Finance (No. 2) Act, 2024, effective from April 1, 2025. It mandates Tax Deduction at Source (TDS) on certain payments made by firms to their partners.
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