Direct tax code
The Direct Tax Code is a transformative step towards simplifying India's tax system.
Section 80TTB
Section 80TTB provides senior citizens a tax break on interest income, helping reduce their taxable income.
Section 80TTA
Section 80TTA allows a Rs 10,000 tax deduction on interest from savings accounts in banks, cooperative societies, and post offices.
Relief u/s 89
Claim tax relief on salary arrears and advances under Section 89. This guide covers eligibility, filing Form 10E, and steps to reduce your tax burden.
234A
Section 234A covers interest on late tax filings. Understand the basics and avoid penalties!
Section 10 of Income Tax Act
Section 10 of the Income Tax Act offers various exemptions that help reduce your taxable income.
Alternate Minimum Tax
The Alternate Minimum Tax (AMT) ensures non-corporate taxpayers pay a minimum tax. Learn about its rules, exemptions, and tax rates.
Types of assessment in Income Tax
Learn about the various types of income tax assessments in India, including self-assessment, scrutiny assessment, and more
Key Income Tax Changes in Budget 2024 Effective from October 1, 2024
Here are six key income tax changes introduced in the Union Budget 2024, effective from October 1.
5 heads of income under Income Tax Act
This post explains the five heads of income under the Income Tax Act.