As taxpayers get ready to file their returns, it is crucial to understand the key sections of the Income Tax Act, 1961, that ...

In case you are opting for the old tax regime, under Section 80C you can claim up to Rs 1.5 lakh of deductions every year.

As health insurance premiums continue to increase, individuals with policies should consider utilising tax deductions provided by Section 80D of the Income Tax Act. This particular provision ...

The deduction under Section 80D for health insurance was last increased from Rs 15,000 to Rs 25,000 in Budget 2015. Over the past nine years, there has been no further change in this limit ...

Budget 2025 brought significant changes to India's income tax structure. Under the new tax regime, the basic exemption limit ...

Rs 1.5 lakh deduction under section 80C, Rs 25,000 under section 80D for health insurance) the tax liability is the same for a gross income of Rs 16,00,000 and more. Check the table below for details.

From a slew of deductions in the old regime to some surprising ones in the new regime, here is a look at your options for ...

According to Budget 2025, under the new tax system, you don’t have to pay tax on income up to ₹12.5 lakh. This is a big jump ...

Section 80D, housing rent allowance and more. The standard deduction under this system remains unchanged at Rs 50,000. Deduction on Home Loan Interest – Section 24 (b) of the Income Tax Act ...