80C deduction

ITR filing 2024: A tweak leaves many taxpayers in a bind. Here’s what the problem is

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ITR filing 2024: A tweak leaves many taxpayers in a bind. Here’s what the problem is

A recent update to the income tax filing utility has left many taxpayers in a bind, forcing them to forego a valid tax rebate of up to Rs 25,000 under the new tax regime. This issue, arising from an error in the utility, contradicts the Income Tax Act, 1961, and is creating confusion and financial … Read more

Budget 2024: Will the government revise taxes on employee stock ownership plans? Here's what experts say

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Budget 2024: Will the government revise taxes on employee stock ownership plans? Here's what experts say

Although Union Finance Minister Nirmala Sitharaman will be presenting the Interim Budget ahead of the scheduled Lok Sabha elections in May, startups and experts feel that the government should offer clarity on ESOP taxation to benefit start-up employees. ESOPs (Employee Stock Ownership Plans) are employee incentives that companies use to attract, reward, and retain talent. … Read more