Tag: deductions
Income Tax: New tax regime continues to allow these deductions and exemptions | Mint
With the new tax regime (NTR) becoming the default regime lately, several taxpayers are anxious about having lost the eligibility to claim deduction. What,...
Tax regime shift: Is filing ITR under old regime still valid after default new regime? | Mint
I’m working with the Indian Army. Until last year, we received Form 16 under the old tax regime, which included all allowances such as...
How income tax provisions ease the burden for caregivers of disabled dependents
Among the many other provisions...
Gross vs net salary: Key deductions affecting your take-home pay — explained | Mint
Have you ever wondered why your take-home salary is less than your gross salary? Do you understand your salary structure? What’s the difference between...