Last Updated:February 22, 2025, 15:05 IST Income Tax Calculator: The CBDT has released the key highlights of the Finance Bill, 2025, explaining that the capital gains will excluded from calculating the Section 87A rebate. Income Tax Calculator. Income Tax Calculator: Finance Minister Nirmala Sitharaman in her Budget Speech 2025 announced that there will be no…
Curated By: Business Desk Last Updated: September 04, 2023, 18:40 IST The new rules are effective from September 1. The new rules suggest that in the urban areas where the population is more than 40 lakhs according to the 2011 census, the HRA will be 10% of the entire salary. There is good news for…
Curated By: Business Desk Last Updated: September 04, 2023, 19:01 IST The rules have come into effect from September 1. The rules of rent-free accommodation given to the employees by the company have been changed. Employees having rent-free accommodation provided by their employers will now be able to save more and get a higher take-home…
The new rules will provide a major relief to top management players or high salaried employees in corporate as their take home salary will increase. Source link
The Central Board of Direct Taxes (CBDT) has issued detailed guidelines to calculate income proceeds from life insurance policies where the aggregate annual premium exceeds Rs 5 lakh. Notifying the Income Tax Amendment (Sixteenth Amendment), Rules, 2023, the CBDT has prescribed rule 11UACA for calculating income with respect to the sum received upon maturity of…