Browsing: income tax exemptions

Budget 2023 showcased a continuation of poverty alleviation initiatives, agricultural enhancements, and railway modernisation efforts. However, the Finance Minister’s address…

You shall be required to file an ITR only if your income from running a beauty salon exceeds the threshold…

This deduction is available for tuition fee paid towards full time courses only.The Income tax act stipulates exemptions and allowances…

You may discharge tax liability annually on accrued interest.By Chirag NangiaI am a B.Tech student and earn up to Rs…

The limit of Rs 2 lakh (in case of self-occupied home and for set-off against other heads of earnings) applies…

Consequently, if you acquire gratuity, 1/3rd of the corpus shall be tax exempt.By Chirag NangiaDo we want to declare interest…

Income from share trading and practicing law may possibly be declared as enterprise revenue and capital gains from investing in…