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ITR-7 is a specialized income tax return form designed for entities such as charitable trusts, religious organizations, political...

India has a progressive tax system; the more your income increases through the different applicable tax brackets, the greater your taxes....

Employees may get salary  arrears for the current year for any outstanding balances from previous years in a variety of situations to...

Section 80CCD of the Income Tax Act   offers valuable deductions for taxpayers contributing towards the National Pension System (NPS), a...

Tax exemptions and deductions help salaried individuals reduce tax liability effectively. Among these, Leave Travel Allowance (LTA) is an...

A new car purchase is a significant milestone for middle-class people. A car makes things easier, whether it's a daily commute, frequent...

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Claiming tax deductions can be a confusing process, especially with the frequent changes to tax laws. For FY 2024-25, the amendments...