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Income Tax Exemption

Budget 2023: What is Income Tax Exemption? IT deduction and rebate explained

Budget 2023: What is Income Tax Exemption? IT deduction and rebate explained

Wed, Jan 25, 2023

Budget 2023: We will discuss the definition of Income Tax Exemption, IT deduction and IT rebate and the factors pertaining to them.

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7 Ways To Save Income Tax On Your Salary & Get The Best Returns

7 Ways To Save Income Tax On Your Salary & Get The Best Returns

Tue, Feb 08, 2022

Ran out of ideas to save income tax on your salary? Here are 7 ways you can get the best returns and save your hard-earned money.

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World Food Safety Day: Get income tax exemption on your meals, beverages, even tea in office! Here's how

World Food Safety Day: Get income tax exemption on your meals, beverages, even tea in office! Here's how

Fri, Jun 07, 2019

Honestly, not many are aware, but the Income Tax Department does give tax exemption on the meals in your office.

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Paying tuition fees for your child? You can claim this much tax benefit - Here’s how

Paying tuition fees for your child? You can claim this much tax benefit - Here’s how

Wed, Jun 05, 2019

The Income Tax department does allow reliefs to salaried individuals who are paying tuition fees for their children. 

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Budget 2019: Income tax exemption to relief for farmers and MSMEs, 5 top sops Modi govt may give

Budget 2019: Income tax exemption to relief for farmers and MSMEs, 5 top sops Modi govt may give

Thu, Jan 31, 2019

With general elections merely a few weeks away, the middle class and farmers are expecting some relief in the Budget 2019-20.

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Budget 2019: Tax exemptions for startups, boost to nanotechnology - These are some major expectations

Budget 2019: Tax exemptions for startups, boost to nanotechnology - These are some major expectations

Wed, Jan 30, 2019

The Narendra Modi government is set to present its first interim budget in just two days and the industry would be eagerly waiting for the introduction of some popular reforms.

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Budget 2019: Big bonanza from Modi government? Income tax exemption limit likely to be increased to Rs 5 lakh

Budget 2019: Big bonanza from Modi government? Income tax exemption limit likely to be increased to Rs 5 lakh

Mon, Jan 21, 2019

Budget 2019: Recently held national executive of the Bharatiya Janata Party (BJP) also asked the goverment to give income tax relief up to Rs 5 lakh.

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Income-Tax dept proposes online filing of tax exemption application

Income-Tax dept proposes online filing of tax exemption application

Tue, Oct 30, 2018

The department sought comments from stakeholders by November 12 on the amended rules and application forms seeking tax exemptions by such entities.

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No IT exemption to cooperative banks: govt tells Lok Sabha

No IT exemption to cooperative banks: govt tells Lok Sabha

Fri, Dec 29, 2017

Jaitley said most of these banks provided standard banking facilities like opening of letters of credit, bill discounting and collection, lockers and safe deposit vaults and bank guarantees.

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Income Tax Slabs 2017: Find out your tax liability, how to file ITR and more

Income Tax Slabs 2017: Find out your tax liability, how to file ITR and more

Mon, May 22, 2017

Income Tax (IT) slabs have been tinkered with a bit by Finance Minister Arun Jaitley during his Budget speech on February 1, 2017. If you are looking to file your Income Tax Returns (ITR) and have a few questions regarding your income tax slab or how much tax you can save this year, read on. 

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Here are salient features of Direct Tax proposals of Budget 2017

Here are salient features of Direct Tax proposals of Budget 2017

Wed, Feb 01, 2017

Read salient features of Direct Tax proposals of India's Union Budget 2017-18 announced on February 1, 2017. 

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Budget 2017: Small businesses gets special tax gifts from Arun Jaitley

Budget 2017: Small businesses gets special tax gifts from Arun Jaitley

Wed, Feb 01, 2017

Small business will now have to pay 5% less income tax, which brings it to the 25% level.

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Union Budget 2017: Basic exemption limit on income tax could be increased to Rs 3.5 lakh

Union Budget 2017: Basic exemption limit on income tax could be increased to Rs 3.5 lakh

Wed, Feb 01, 2017

Besides the increase in the tax slabs there is also expected to be an increase in the exemptions under 80C.

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30% tax advantage for digital transactions: Jailtey

30% tax advantage for digital transactions: Jailtey

Tue, Dec 20, 2016

The government on Monday said small traders and businesses with a turnover of up to Rs 2 crore would pay less tax if they accept payments through banking and digital means.

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Income tax exemption given only to registered political parties subject to certain conditions: CBDT

Income tax exemption given only to registered political parties subject to certain conditions: CBDT

Sat, Dec 17, 2016

After the government announced that political parties depositing old notes post demonetisation will be exempted from income tax, the CBDT issued a clarification on Saturday stating that the exemption from income tax is given to only registered political parties subject to certain conditions which

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