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The 8th Pay Commission was agreed by the Union Cabinet on Thursday, January 16, 2025, and it will go into effect on January 1, 2026. It...

The Indian government created the Pay Commission in order to provide recommendations for central government employees' pay. Since India's...

House Rent Allowance (HRA) is a key salary component for employees who live in rented accommodations. It provides tax relief on rental...

The Indian tax system provides taxpayers with two distinct tax regimes—the old tax regime and the new tax regime. Each has its own...

Effective tax planning is essential for reducing your taxable income and maximizing your savings. With the right strategies, you can...

For salaried individuals, tax planning plays a crucial role in maximizing savings. House Rent Allowance (HRA)  and Section 80C deductions...

The introduction of the new tax regime (Section 115BAC)  was aimed at simplifying tax calculations and offering lower tax rates. However,...

The Indian taxation landscape has undergone significant changes with the introduction of the new tax regime under Section 115BAC of the...

The new tax regime was introduced to simplify tax filing by offering lower tax rates while removing most deductions and exemptions. While...

The Indian tax system offers various deductions and allowances to both salaried and self-employed individuals. Among these, House Rent...