tax

Comprehensive Guide to Income Tax Filing in India for Salaried Individuals – FY 2023-24

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Income tax filing is a crucial financial responsibility that every salaried individual in India must undertake. Filing income tax returns involves reporting income, claiming deductions, and fulfilling tax liabilities to the government. This comprehensive guide provides in-depth information on various aspects of income tax filing for salaried individuals during the financial year 2023-24.

Old vs New Tax Regime: Decoding the Battle Between Old vs New Tax Regime for Salaried Employees! Trying to under stand which is better!!!

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Old vs New Tax Regime: Decoding the Battle Between Old vs New Tax Regime for Salaried Employees! Trying to under stand which is better!!! 5 Key Changes to Boost Adoption of New Tax Regime!

The new tax regime, introduced in Budget 2020, brought concessional tax rates but came with limitations on claiming exemptions and deductions like HRA, LTA, 80C, 80D, etc. As a result, it had limited takers. However, Budget 2023 introduced 5 significant changes to incentivize taxpayers to opt for the new regime