Think EPF is completely tax-free? Here’s what employees should know
For most salaried employees, the Employees’ Provident Fund (EPF) is one of the largest financial assets they build over the course of their working lives. Every month, a portion of…
ELSS funds see ₹650 crore outflow; are tax-saving mutual funds losing relevance?
Equity-linked savings schemes (ELSS), once a staple of tax planning for retail investors, are increasingly finding themselves on the sidelines as more taxpayers migrate to the new tax regime. According…
‘ ₹7 lakh tax rebate was never just about saving tax’: ClearTax’s Archit Gupta on how it changed the way Indians invest
The ₹7 lakh tax rebate introduced under the new tax regime during the Union Budget 2023 was widely viewed as a measure to reduce the tax burden on middle-income taxpayers.…
ITR filing AY 2026-27: Complete list of deductions and exemptions available under new tax regime
As the income tax return (ITR) filing season for AY 2026-27 is underway, taxpayers choosing the new tax regime should understand the list of exemptions and deductions available to them…
Income tax return: Can you skip ITR filing if your income is below the exemption limit? check rules here
Many taxpayers assume they do not need to file an Income Tax Return if their income is below the exemption limit. While filing may not be mandatory, doing so can…
Can non-salaried persons claim house rent allowance? HRA rules explained
An individual can claim a tax deduction under Section 80GG of the Income Tax Act 1961 or under Section 134 of the Income Tax Act 2025. Source link
Old vs new tax regime: Which saves more tax if you earn ₹20 lakh, ₹25 lakh or ₹30 lakh?
With the new tax regime offering lower rates but fewer deductions, many salaried taxpayers are wondering whether the old regime still makes sense. Here’s a comparison across income levels of…