Income Tax

New tax regime under section 115BAC of the Income Tax Act was introduced in the 2020 budget by Finance Minister […]

An Income Tax Officer (ITO) is an authority in the Income Tax Department whose job is to check financial documents,

HRA full form stands for House Rent Allowance is one of the major components of most salary packages. It is

Various income tax exemptions and deductions are available for army personnel in AY 2025-26. Let’s check what are those deductions:

The assessment year 2025-26 (AY 2025-26) is expected to bring some of the most substantial changes in taxpayers’ income tax

ITR processing time means the duration it takes after the return has been filed. For AY 2025-26, the Income Tax

Section 87A of the Income Tax Act offers tax reduction to resident individuals when total income falls within specified limits.

TCS on the sale of scrap means that the seller collects tax from the buyer at the time of sale.

F and O – Futures and Options is a non speculative business which are types of financial derivatives used in

Under Section 194I of the Income Tax Act, TDS deducted on hotel room payments is considered as “rent” when it

Section 80E of the Income Tax Act allows a tax deduction on the interest paid on education loans for higher

Under section 244A of the Income Tax Act, interest on tax refunds is payable at 0.5% per month from either