Entertainment allowance and professional tax as covered in section 16(ii) and section 16(iii) respectively Besides these, one can claim some special exemptions and deductions under the following ...

Income from the Agnipath Scheme (Section 80CCH) Allowances Still Exempt under New Tax Regime 2025 Transfer-Related Allowance: Tax-free transition expenses can be claimed by employees relocating ...

The U.S. Department of the Treasury and IRS on Jan. 10, 2025, released initial guidance regarding the production tax credit (PTC) for clean ...

Although the new tax regime does not offer most exemptions and deductions given under ... covered in section 10(5). 2. HRA exemption as covered in section 10(13A) 3. Any other allowance as covered ...

Finance Minister Nirmala Sitharaman has brought big cheer for middle class taxpayers - it’s a bonanza like never b ...

For years politicians have used their private travel paid for by the taxpayer in questionable ways — from chauffeuring pet ...

In a circular reflecting the same date, the apex bank directed all banks and financial institutions to implement new ATM ...

Increase basic exemption limit to Rs ... from 10 percent of basic pay to 14 percent under the new regime. However, this tax break, offered under section 80CCD(2) is available only to salaried ...

the sumptuary allowance provided to a Judge under section 23B, shall not be included in the computation of his income chargeable under the head “Salaries” under section 15 of the Income-tax Act, 1961 ...