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Union Budget 2025: Tax Deduction Terms You Should Know Ahead Of Budget
Tax Deductions: A tax deduction is an expense or expenditure that can be subtracted from an individual's or business's total income, resulting in a lower taxable income.
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Budget Gives First-Time Homeowners Rs 1.5 Lakh Increase In Tax Deduction
The deduction, which now stands at a total of Rs 3.5 lakh, is applicable to loans sanctioned during the current fiscal year and for home worth up to Rs 45 lakh
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Additional Tax Deduction Of Rs 1.50 Lakh On Interest On Home Loans Proposed
Nirmala Sitharaman also proposed that 25 per cent corporate tax will apply on companies with up to Rs 400 crore turnover; covering 99.3 pc of corporate India.
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House Renovation Cost: Can You Claim Income Tax Deduction?
For self-occupied house, if you have taken a home loan for renovation, you can claim deduction on the interest component. The deduction is capped at Rs 30,000 a year.
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Union Budget 2025: Tax Deduction Terms You Should Know Ahead Of Budget
Tax Deductions: A tax deduction is an expense or expenditure that can be subtracted from an individual's or business's total income, resulting in a lower taxable income.
-
Budget Gives First-Time Homeowners Rs 1.5 Lakh Increase In Tax Deduction
The deduction, which now stands at a total of Rs 3.5 lakh, is applicable to loans sanctioned during the current fiscal year and for home worth up to Rs 45 lakh
-
Additional Tax Deduction Of Rs 1.50 Lakh On Interest On Home Loans Proposed
Nirmala Sitharaman also proposed that 25 per cent corporate tax will apply on companies with up to Rs 400 crore turnover; covering 99.3 pc of corporate India.
-
House Renovation Cost: Can You Claim Income Tax Deduction?
For self-occupied house, if you have taken a home loan for renovation, you can claim deduction on the interest component. The deduction is capped at Rs 30,000 a year.
