Exemptions and deductions translate into huge tax savings and so you may not exactly gain under the lower tax rate system.
3 Feb 2020While the changes to the deduction limit spelled trouble for those in the higher income bracket in 2018, it offered relief to senior citizens
2 min read29 Dec 2018The income tax department has activated the ITR-1 form, largely used by the salaried class of taxpayers, the new forms mandate the salaried class assessees to provide their salary breakup
1 min read17 Apr 2018Most of India’s salaried class lack either written job contracts or benefits such as provident fund, shows the ICE 360 survey
4 min read7 Dec 2016The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared