Not all taxpayers are eligible for this benefit. The benefits are restricted to salaried employees ... tax rate but provided exemptions. Under the old tax regime, individuals can save income ...

As the fiscal year approaches its conclusion, salaried ... steps in tax-saving is identifying the right tax regime. The old ...

Understanding the different employee ... the tax slab rates have been reduced to make the new regime more attractive. Standard deduction of ₹50,000 from salary income has been made available ...

(Image - Freepik) Nearly four months into the financial year 2024-25, the recent budget introduced some key changes in the new tax regime. This has left salaried ... income tax guidelines, the ...

A salaried person with an income of ₹15.5 lakh or more will stand to benefit by ₹52,500 under the new tax regime. New tax regime to be the default tax regime to encourage its adoption.

Gratuity is tax-exempt up to Rs 20 lakh and leave encashment up to Rs 25 lakh for non-government employees ... new and improved new income-tax regime has got more attractive, post Budget 2023 ...

It offers simplified tax slabs and fewer deductions, making tax compliance easier. Revised Slab Rates Under the New Regime: Income up ... Deduction: Salaried individuals benefit from a standard ...

The National Pension System (NPS) is a market-linked retirement savings plan that provides substantial tax savings in ...

We discuss key tax considerations, compliance requirements, and strategies to optimize savings for remote workers in India.

A new Alabama overtime law allows hourly employees who work overtime to keep more of their earnings. While the overtime income tax exemption benefit is ... workweek must be paid at a minimum ...