A deduction cuts the income you're taxed on, which can mean a lower bill. A credit cuts your tax bill directly.

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 ...

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 ...

You can also request that the IRS withhold money for taxes from your Social Security checks up front. This would save you the ...

Employer contributions to NPS under Section 80CCD (2) are allowed up to 14% of Basic Salary + Dearness Allowance (DA) for ...

In the latest income tax bill, a significant change has been made regarding deductions under section 80C of the Income-Tax ...

In accordance with section 153 of the Income-Tax Bill 2025, senior citizens are eligible to claim a tax deduction of Rs ...

The Income-tax Bill cuts some clutter of the existing Act and introduces new illustrative tables, while maintaining ...

New Income Tax Bill 2025 LIVE Updates: The new Income-Tax (I-T) Bill, announced by Finance Minister Nirmala Sitharaman during ...

Many retirees seek the safest investments that offer a reliable post-retirement income with minimal risks. Senior Citizen ...

One key update is the introduction of a “tax year,” which refers to the 12-month period starting from April 1, effectively ...

Learn how you can pay 0 tax on an income of Rs 14.65 lakhs per year with the help of NPS & EPF. Find all the details inside.