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ITR 2024: Here are 8 ways by which senior citizens can save on taxes this year

For senior citizens, tax savings is not just about reducing their financial burden but also about making smart decisions that ensure their money lasts as long as possible ....

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Centre raises tax exemption limit on leave encashment for non-govt salaried staff to Rs 25 lakh

So far, the tax exemption on leave encashment for non-government employees was Rs 3 lakh, which was fixed in 2002, when the highest basic pay in the government was Rs 30,000 per month ....

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I-T exemption limit for leave encashment upon retirement for salaried employees hiked to Rs 25 lakh

The tax exemption on leave encashment for non-government employees was Rs 3 lakh which was fixed in 2002, when the highest basic pay in the government was Rs 30,000 per month. ....

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Additional relief under new tax regime to those with over Rs 7 lakh/year taxable income

In the Union Budget for 2023-24, the government expanded the scope of full rebate on income tax under the new tax regime to an annual taxable income of Rs 7 lakh from Rs 5 lakh earlier. ....

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