Section 112 Explained: Applicability, Calculation, and Exemptions
What Is Section 112 of the Income Tax Act? Imagine you’ve held onto something valuable—like land, a building,…
Section 10AA of Income Tax Act: Income Tax Deductions for Special Economic Zone (SEZ) Units
Section 10AA is a special provision in the Income Tax Act of India that provides income tax deductions…
Section 80TTB Deduction: Tax Benefits for Senior Citizens Explained
Section 80TTB provides important tax benefits exclusively for senior citizens in India. It allows senior taxpayers to claim…
Section 115JD of Income Tax Act: Carry Forward and Set-Off of Tax Credit
What Is Section 115JD of the Income Tax Act? Imagine you have two ways to calculate how much…
Paytm Expands UPI Statement Downloads with Excel Format for Easy Tax Filing and Expense Tracking
We have expanded our UPI statement download feature for Paytm UPI users by adding Excel format alongside the…
What is Marginal Relief in Income Tax: A Detailed Guide for 2025
Marginal relief in income tax is a benefit provided to taxpayers when their income slightly exceeds a tax-free…
8th Pay Commission: Salary Increase, Pay Matrix & Key Details
The 8th Pay Commission in India has become a topic of growing interest, especially for government employees looking…
Difference Between Financial Year and Assessment Year
When it comes to taxes and finance, terms like “Financial Year” (FY) and “Assessment Year” (AY) are used…
Budget 2025 Highlights: Key Announcements and Detailed Analysis
The Union Budget 2025 has introduced significant tax reforms, trade facilitation measures, and sectoral investments aimed at driving…
New Income Tax Slab 2025: Key Changes and Benefits for Taxpayers
In the Union Budget for the fiscal year 2025-26, the Indian government introduced significant changes to the income…