Tax Deductions
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Australian Taxation Office Issues 2025 Tax Return Guidelines
More than than 15 million Australians will file tax returns in 2025. The Australian Taxation Office urges citizens to lodge accurate tax returns and warns against false claims.
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What's New in the Senate Version of Trump's Tax and Spending Bill
Senate Republicans plan to modify President Donald Trump's massive fiscal package to lower maximum deductions for state and local taxes and limit the impact of a "revenge" tax on foreign investors.
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Faked Tax Deductions? You Could Face A 200% Penalty Under Income Tax Rules
New ITR-1 and ITR-4 forms now require detailed documentation for deductions and claims, promoting transparency and accuracy.
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BCCI Trims Daily Allowances For Staff, Streamlines Travel Policy In Big Move
The daily allowances of the BCCI staff across departments, which have not been paid since January, will finally be released following the streamlining of the domestic 'tournament allowance policy' by the board's top brass.
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New Kilometer-Based Toll Tax Policy Expected Soon: Details
GOI plans a new toll policy with FASTag-based automatic deductions, kilometer-based charges, and barrier-free tolls. Read along to learn more.
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Toll Gates To Soon Get Off The Roads, New Policy In Drafts: Nitin Gadkari
The new system will facilitate automatic deductions from bank accounts using satellite tracking, eliminating the need for manual toll collection.
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Budget 2025: What Is Standard Deduction And How It Benefits Taxpayers
With the Union Budget 2025 set to be presented on February 1, Finance Minister Nirmala Sitharaman faces mounting expectations for tax relief as inflation rises and disposable income shrinks.
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Union Budget 2025: Experts Hope Government Will Simplify Process Of Claiming Tax Benefits For Education Loans
Section 80E allows individuals to claim deductions on interest paid for loans taken for higher education, including studies abroad.
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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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"Irrational": Petition In Supreme Court Seeks Scrapping Of Tax Deducted At Source (TDS)
A PIL filed in the Supreme Court on Thursday sought to scrap the TDS system calling it "arbitrary and irrational" and violative of various fundamental rights, including equality.
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Gujarat Man Beats Bank Manager Over Tax Deduction On Fixed Deposit
Jaiman Rawal, the customer, was reportedly disappointed over the increased tax deduction on a fixed deposit.
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Making Exaggerated Claims To Get Refunds Punishable Offence: Tax Department
The I-T Department has asked income tax return filers to not make bogus claims for expenses, under-report their earnings or exaggerate deductions as this is a punishable offence and causes a delay in issuance of refunds.
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How Much Those Earning Between Rs 10-25 Lakh Will Save In Taxes Now
Finance minister Nirmala Sitharaman on Tuesday increased the standard deduction for salaried employees from Rs 50,000 to Rs 75,000.
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Union Budget 2024: Aimed At Helping Automotive Retail Industry
The auto industry reacts to the Union budget 2024 with a positive approach. It believes the adjustments in personal taxation could improve retail.
-
"Save As Much As Rs 17,500": Finance Minister on New Tax Regime Slabs
Standard deduction in the new tax regime will be increased from Rs 50,000 to Rs 75,000, Finance Minister Nirmala Sitharaman said Tuesday as she announced the 2024 Union Budget.
-
Australian Taxation Office Issues 2025 Tax Return Guidelines
More than than 15 million Australians will file tax returns in 2025. The Australian Taxation Office urges citizens to lodge accurate tax returns and warns against false claims.
-
What's New in the Senate Version of Trump's Tax and Spending Bill
Senate Republicans plan to modify President Donald Trump's massive fiscal package to lower maximum deductions for state and local taxes and limit the impact of a "revenge" tax on foreign investors.
-
Faked Tax Deductions? You Could Face A 200% Penalty Under Income Tax Rules
New ITR-1 and ITR-4 forms now require detailed documentation for deductions and claims, promoting transparency and accuracy.
-
BCCI Trims Daily Allowances For Staff, Streamlines Travel Policy In Big Move
The daily allowances of the BCCI staff across departments, which have not been paid since January, will finally be released following the streamlining of the domestic 'tournament allowance policy' by the board's top brass.
-
New Kilometer-Based Toll Tax Policy Expected Soon: Details
GOI plans a new toll policy with FASTag-based automatic deductions, kilometer-based charges, and barrier-free tolls. Read along to learn more.
-
Toll Gates To Soon Get Off The Roads, New Policy In Drafts: Nitin Gadkari
The new system will facilitate automatic deductions from bank accounts using satellite tracking, eliminating the need for manual toll collection.
-
Budget 2025: What Is Standard Deduction And How It Benefits Taxpayers
With the Union Budget 2025 set to be presented on February 1, Finance Minister Nirmala Sitharaman faces mounting expectations for tax relief as inflation rises and disposable income shrinks.
-
Union Budget 2025: Experts Hope Government Will Simplify Process Of Claiming Tax Benefits For Education Loans
Section 80E allows individuals to claim deductions on interest paid for loans taken for higher education, including studies abroad.
-
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.
-
"Irrational": Petition In Supreme Court Seeks Scrapping Of Tax Deducted At Source (TDS)
A PIL filed in the Supreme Court on Thursday sought to scrap the TDS system calling it "arbitrary and irrational" and violative of various fundamental rights, including equality.
-
Gujarat Man Beats Bank Manager Over Tax Deduction On Fixed Deposit
Jaiman Rawal, the customer, was reportedly disappointed over the increased tax deduction on a fixed deposit.
-
Making Exaggerated Claims To Get Refunds Punishable Offence: Tax Department
The I-T Department has asked income tax return filers to not make bogus claims for expenses, under-report their earnings or exaggerate deductions as this is a punishable offence and causes a delay in issuance of refunds.
-
How Much Those Earning Between Rs 10-25 Lakh Will Save In Taxes Now
Finance minister Nirmala Sitharaman on Tuesday increased the standard deduction for salaried employees from Rs 50,000 to Rs 75,000.
-
Union Budget 2024: Aimed At Helping Automotive Retail Industry
The auto industry reacts to the Union budget 2024 with a positive approach. It believes the adjustments in personal taxation could improve retail.
-
"Save As Much As Rs 17,500": Finance Minister on New Tax Regime Slabs
Standard deduction in the new tax regime will be increased from Rs 50,000 to Rs 75,000, Finance Minister Nirmala Sitharaman said Tuesday as she announced the 2024 Union Budget.
