Impact of Budget 2025 on Taxpayers: Key Changes You Should Know Introduction The Union Budget 2025 has introduced several key tax changes that affect individual taxpayers, businesses, and investors. Whether you’re a salaried employee, self-employed, or an investor, it’s crucial ...
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Top Tax Deductions You Can Claim in 2025 to Reduce Your Tax Burden
adminTop Tax Deductions You Can Claim in 2025 to Reduce Your Tax Burden Tax planning is crucial for minimizing your tax liability legally. Understanding the right deductions can help you save money while complying with tax laws. Here’s a detailed ...
Top 10 Smart Tax-Saving Strategies for 2025
adminTop 10 Smart Tax-Saving Strategies for 2025 Tax planning is an essential part of financial management. With proper planning, you can legally minimize your tax liability while maximizing your savings. Here are 10 smart tax-saving strategies to help you reduce ...
Common Mistakes to Avoid While Filing ITR in 2025
adminCommon Mistakes to Avoid While Filing ITR in 2025 Filing your Income Tax Return (ITR) correctly ensures you avoid penalties, get refunds on time, and stay compliant with tax laws. However, many taxpayers make common mistakes that can lead to ...
How to File ITR Online in 2025 – Step-by-Step Guide
adminHow to File ITR Online in 2025 – Step-by-Step Guide Filing your Income Tax Return (ITR) online can seem complicated, but it’s actually a simple process when done correctly. Whether you’re a salaried individual, freelancer, or business owner, this guide ...
VRS and Income Tax
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What is Voluntary Retirement Scheme? VRS is a monetary facility provided by the corporates for the retrenchment of some of its employees due to various reasons related to employees and the company. It is opted by an employee that wishes ...
PENSION AND INCOME TAX
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Pension is a kind of retirement benefit that is provided to the retired employees of an organization as compensation for past employment with that organization. It is paid over a regular, fixed period of time and in form of an ...
Income Tax on Encashment of Leave
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Income Tax on Leave Salary The basic knowledge An employee is allowed various types of leaves like Casual Levees, Earned Leaves, Medical Leave, Gazetted Holidays, etc. Generally, the employee is allowed to either avail of these leaves or carryforward to ...
Gratuity: Income Tax Liability
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Gratuity: The things you should know Gratuity is a part of Gross Salary or say it is a part of CTC. It is a monetary benefit paid by the employer to thier employee when the employments terms end. Generally, it ...