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Do we need to bring back inheritance tax?

Do we need to bring back inheritance tax?
financialexpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialexpress.com Daily Mail and Mail on Sunday newspapers.

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Inheritance tax unsuitable for India, wealth creation is key: Experts

Inheritance tax unsuitable for India, wealth creation is key: Experts
financialexpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialexpress.com Daily Mail and Mail on Sunday newspapers.

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Income Tax Calculator 2024-25: Which is better old or new regime? Check salary-wise, exemption & deductions calculation

Income Tax Calculator 2024-25: It’s the start of the financial year and if you are confused between the new and the old income tax regime, then we have you covered. While the old tax regime allows for exemptions and deductions like Section 80C, House Rent Allowance, Leave Travel Allowance etc., the new tax regime offers lower tax rates and multiple slabs. Standard deduction is available under both regimes. We take a look at different income levels and common exemptions and deductions you may want to claim, to calculate and analyse the best income tax regime for you. This analysis has been done by Akhil Chandna, Partner, Grant Thornton Bharat. It is important to note that the analysis in the tables is broadly indicative. Each individual should choose their beneficial tax regime on a case-to-case basis. The analysis cannot be standardised.

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Lower effective tax rate of 39% instead of 42 74% in top bracket of new tax regime; here s how marginal relief works

Surcharge on income: Individuals having income(s) above Rs 50 lakh have to pay an additional tax known as surcharge . Budget 2023 made Surcharge rate applicable on the highest income slab to 25% from 37%. Abhishek Soni from Tax2Win says, "This move brought down the effective tax rate from 42.74% to 39%."

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How to avoid rejection of EPF withdrawal claim; Steps provident fund member should take

EPF Withdrawal claim rejection: Many individuals are struggling to get their EPF money at the time of withdrawal. The reason for rejection of their EPF claim is due to mismatch in the details available in the EPFO records as well as in the EPF account holders PAN, Aadhaar or incomplete KYC records. Here is how the EPF claim rejection can be avoided.

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