taxpayer guidance

Budget 2025’s ₹12 lakh tax break: Here’s what marginal relief, rebate means for your income

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Budget 2025’s ₹12 lakh tax break: Here’s what marginal relief, rebate means for your income

As Finance Minister Nirmala Sitharaman rose to present the Union Budget 2025, she delivered a decisive announcement that echoed across households nationwide — no income tax payable for individuals earning up to ₹12 lakh under the new regime. The declaration sparked immediate excitement, positioning Budget 2025 as a financial game-changer for the middle class. However, … Read more

Received a message about Section 80GGC deduction from the Income tax department? Here’s what to do

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Received a message about Section 80GGC deduction from the Income tax department? Here’s what to do

The Income tax department has recently sent messages to numerous taxpayers regarding claims of deductions under Section 80GGC. A typical message reads as follows: How much tax do I have to pay? Calculate now Dear Taxpayer, XXXXX SINGH (AAAASXXXXN)It is observed that you have claimed deduction under section 80GGC of Rs 600000 in your ITR … Read more