India Business News: New versus old tax regime: When determining the tax regime for TDS on salary, taxpayers typically use estimated figures for gross total income and pro
Financial Literacy News: Employees opting for the old tax regime should be aware of the various exemptions and deductions that they can claim to reduce their tax. Leave Travel Allowance (LTA) is one such benefit. If it's included in their salary or cost-to-company (CTC), employees can claim it.
The finance ministry on Monday said there is no change in the new income tax regime for individuals for the current fiscal year and individual taxpayers can opt out of the regime at the time of filing their ITR.