Tax Guru13d
IFSC- Exempt income for Non-Residents in Derivatives- FAQs – Budget 2025
Ans. The non-residents who enter into such transactions are benefited as the income from the aforementioned transactions is exempt. This will also benefit the FPIs in that there will be more ...
ULIP with annual premiums of over Rs 2.5 lakh to be taxed like equity MFs. Here’s what it means for policyholders
Budget 2025 has clarified that ULIPs where annual premiums exceed Rs 2.5 lakh a year or 10 percent of the sum assured will be ...
Tax Guru1d
Punjab RERA Notified for Income Tax Exemption under Section 10(46A)(b)
Ministry of Finance, through Notification No. 16/2025 dated February 12, 2025, has notified the Real Estate Regulatory Authority (RERA), Punjab, for tax exemption under Section 10 (46A) (b) of the ...
New Tax Regime 2025: These exemptions, deductions will be available for taxpayers
In the Budget 2025, Finance Minister Nirmala Sitharaman increased the income tax rebate limit from Rs 7 lakh to Rs 12 lakh in the New Tax Regime. Effectively, individuals earning up to Rs 12 lakh will ...
Mint14d
Income Tax Calculator: Compute your tax under old and new regimes here
HRA exemption as covered in section 10(13A) 3. Any other allowance ... the tax calculator will calculate the income tax liability under both the regimes and reflect the saving in income tax ...
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Key changes ULIP investors can expect from the new tax rules
Budget 2025 clarifies how taxable income from life insurance policies, especially ULIPs, should be treated, helping taxpayers ...