Gross Total Income

Tax savings 2025: Section 80G’s tax benefits under Old Tax Regime – Explained

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Tax savings 2025: Section 80G’s tax benefits under Old Tax Regime – Explained

Tax savings under Old Tax Regime: Taxpayers seeking to optimise their savings for the fiscal year 2024-25 still have opportunities available. One such option is utilising Section 80G of the Income Tax Act to claim deductions for donations made to government-approved trusts. It is important to note that not all charitable contributions automatically qualify for … Read more

NPS taxation in FY25: How to claim tax deductions for National Pension System under old, new tax regimes

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NPS taxation in FY25: How to claim tax deductions for National Pension System under old, new tax regimes

The new financial year will start tomorrow and the investors will get another chance to review their investments and opt a suitable tax regime. There are various investment tools that are accepted under both tax regimes. Under the Old Tax Regime, numerous tax deductions and exemptions are offered under different sections of the Income Tax … Read more