Author name: Ram Sharma

Income Tax Slabs The new income tax regime has been made the default tax regime. The slab rates are: Income […]

When a taxpayer passes away, their legal heir or representative is responsible for filing their ITR as the income earned

New Tax Regime was introduced in the Finance Act 2020 and effective from FY 2020-21. Section 115BAC offers a simplified

Section 194Q, introduced via the Finance Act 2021 and effective from 1st July 2021, mandates Tax Deducted at Source on

Short-Term Capital Gain are the profits which arises when you sell a capital asset (such as stocks, mutual funds, or

Section 194LA of the Income Tax Act 1961 is a provision that deals with the deduction of Tax Deducted at

The first step is choosing between the new tax regime and the old tax regime, as this decision impacts your

Family pension is received by the spouse, children, or legal heirs of a deceased person. It is typically 50% of

Key Takeaways Tax Benefit on Bank Interest As per budget 2025, a person who deposited up to ₹50,00,000 in Fixed

NPS Vatsalya Scheme allows parents or guardians to open a National Pension System (NPS) account for their children, ensuring long-term