By donating to eligible institutions and organisations, taxpayers can claim deductions ranging from 50% to 100% of the amount ...

The Income Tax Return submission for assessment year 2025-26 will open on April 1 2025. Earnings-based employees ...

With the new tax season beginning on April 1, it’s a great opportunity for smart investors to strategically reduce their tax ...

Maximize Your Tax Savings Before March 31st The last date for investing to save income tax (Tax Saving Planning) is fast ...

Donations made to the Shri Ram Janmabhoomi Teerth Kshetra Trust qualify for tax deductions under Section 80G of the Income ...

Both Tax-Saving Fixed Deposits (FDs) from banks and the Post Office 5-Year Time Deposit provide secure investment options ...

The old tax systems Section 80C tax-saving options are still available for a few weeks of the fiscal year hence taxpayers ...

For business and professional taxpayers, switching tax regimes is more restricted. Once they opt for the new tax regime, they ...

Life Insurance Premiums: Premiums paid for life insurance policies qualify under 80C. Sukanya Samriddhi Yojana (SSY): A savings ... For salaried taxpayers, their employer will issue a Form 16 that ...

Form 16 provides details of the deducted tax amount and submission date and helps in ITR filing by ensuring accurate income ...

This includes taxable income, exemptions under sections like House Rent Allowance (HRA) and Leave Travel Allowance (LTA), and deductions under various sections such as 80C and 80D. While Form 16 ...

and deductions under Section 80C, 80D, etc.), and the total tax payable. Employers are required to issue Form 16 by June 15 of the assessment year (AY). For instance, for the financial year (FY) ...