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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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No tax exemption on concessional or interest free loan from the employer, not even for bank employees, says SC

Bank employees have to pay income tax if they had taken loan from their employers at a concessional or interest free rate.

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Income Tax FY25: How to reduce tax liability in a given financial year Check details

It is essential to be proactive in exploring tax-saving options to ensure that you are maximising your earnings. By taking advantage of tax-saving strategies, you can increase your take-home salary and ultimately improve your financial stability.

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Old Tax Regime vs New Tax Regime: Here s guide on which tax system to choose if your salary is Rs 80,000

The Finance Act 2023 has made the new tax regime as the default tax regime for FY 2023-24 (AY 2024-25). The taxpayers can switch between the old and the new tax regime on a year-on-year basis.

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New Tax Regime vs Old: Know These Deductions Before Filing ITR For AY 2024-25

Does new tax regime offer certain exemptions and deductions?

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