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Income Tax Slab: Modi govt may increase tax exemption in Interim Budget 2024; may increase limit by Rs 50,000

Income Tax Slab: Modi govt may increase tax exemption in Interim Budget 2024; may increase limit by Rs 50,000

Mon, Jan 15, 2024

In a taxpayer-friendly move, the Modi government may make minor changes in the new tax regime in Budget 2024. The government is considering increasing the existing tax exemption. The current tax exemption in the new tax regime is Rs 7 lakh. This can be increased to Rs 7.5 lakh.

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Money Guru: How To Do Tax Planning During Half-Yearly Financial Year? Experts Decodes Tax Saving Options & Profit Earning Formula

Money Guru: How To Do Tax Planning During Half-Yearly Financial Year? Experts Decodes Tax Saving Options & Profit Earning Formula

Mon, Sep 12, 2022

Tax exemption can be availed in the old tax system. Under section 80C of the Income Tax Act, ELSS can avail tax exemption on investment up to Rs 1.5 lakh. 1% TDS will be deducted on every transaction of digital currency. Profit /Loss information to be given while trading crypto: Tax Experts, Kapil Mittal and Ruchika Bhagat.

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Money Guru: How To Do Tax Planning During Half-Yearly Financial Year? Experts Decodes Tax Saving Options & Profit Earning Formula

Money Guru: How To Do Tax Planning During Half-Yearly Financial Year? Experts Decodes Tax Saving Options & Profit Earning Formula

Tue, Sep 06, 2022

Tax exemption can be availed in the old tax system. Under section 80C of the Income Tax Act, ELSS can avail tax exemption on investment up to Rs 1.5 lakh. 1% TDS will be deducted on every transaction of digital currency. Profit /Loss information to be given while trading crypto: Tax Experts, Kapil Mittal and Ruchika Bhagat.

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