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Tax Savings Under New Regime of 2025: Guide to Deductions & Exemptions
The Union Budget 2025, presented in the Parliament Session on February 1, 2025, introduced major reforms in exemptions and deductions under the new tax regime for the Financial Year (FY) 2025-26 and ...
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Why NPS is better than EPF for tax saving under new tax regime
In the case of EPF, employee contributions generally qualify for a deduction under Section 80C of the Income Tax Act, capped ...
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FAHMI MEETS WITH MEDIA REPS TO DISCUSS SALARY ISSUES, JOB LOSS
Communications Minister Fahmi Fadzil today held a meeting with about 30 representatives of media organisations to discuss the welfare of media personnel. In a closed-door discussion that lasted over ...
The IRS Could Take a Cut of Your Social Security Benefits if Your Income Exceeds Certain Thresholds
You can also request that the IRS withhold money for taxes from your Social Security checks up front. This would save you the ...
Section 123 in New Tax Bill is the Section 80C of old act: Check details on deductions of SSY, NPS, EPF, ELSS, ULIP
In the latest income tax bill, a significant change has been made regarding deductions under section 80C of the Income-Tax ...
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Which Deductions Are Allowed to Salaried Individuals in New Tax Regime?
Employer contributions to NPS under Section 80CCD (2) are allowed up to 14% of Basic Salary + Dearness Allowance (DA) for ...