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Tax saving options under New Tax Regime most taxpayers may not be aware of

Tax saving options under New Tax Regime most taxpayers may not be aware of
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Interim Budget 2024 could ease tax burden of homebuyers via these benefits

Homebuyers have expectations from interim budget that finance minister would revise certain limits that can help homebuyers to lower their income tax burden. These limits have remained since Budget 2017. The interim budget 2024 will be presented on February 1, 2024. It is likely that it will be Vote-on-account budget.

How is income calculated for a house that is deemed let-out?

Under the new tax regime, interest paid on housing loan shall not be allowed as deduction in case the property is treated as self-occupied property.

Income Tax Return filing for AY 2023-24: All you need to know

Income Tax Return filing for AY 2023-24: All you need to know
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How to calculate income from house property for ITR filing?

If an individual owns the house property, then it may happen that he/she has some income from that property. However, not many people understand the correct way of calculating income from house property for ITR filing purpose. Here is how an individual can calculate income from house property for ITR filing this year.

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