Have you ever wondered why your take-home salary is less than your gross salary? Do you understand your salary structure?…
Although a range of tax-related changes are introduced every year for taxpayers, a few key changes are ‘radical’ and occur…
Certain allowances are exempt from income tax up to certain thresholds. This essentially lowers your taxable income, which in turn…
MUMBAI: Delhi and Mumbai benches of ITAT recently allowed a deduction under section 80-G of the I-T Act to two…
A senior or super senior who earns more than the exemption amount is still required to pay taxes even though…