Exemptions

Understanding capital gains tax exemptions for ESOP share sales

I made long-term capital gains of Rs. 80 lakhs on selling shares allotted under ESOP in June 2024. Can I…

2 months ago

ITR filing: Here is a lowdown on new income tax regime— check exemptions and deductions

Although a range of tax-related changes are introduced every year for taxpayers, a few key changes are ‘radical’ and occur…

4 months ago

ITR Filing: Essential income tax exemptions and deductions every taxpayer should know

Certain allowances are exempt from income tax up to certain thresholds. This essentially lowers your taxable income, which in turn…

5 months ago

ITR Filing: Exemptions and deductions that senior citizens can claim for FY24

A senior or super senior who earns more than the exemption amount is still required to pay taxes even though…

6 months ago