WebApr 13, 2024 · ITR-1 or Sahaj is a type of Income Tax Return Form used by a resident individual in India. This form is applicable for the Assessment Year 2024-24. The form is applicable only if the individual's total income for the year includes the following: Income from salary/pension. Income from one house property (excluding cases where losses are … WebFeb 1, 2024 · The basic exemption limit has been hiked to Rs.3 lakh from Rs.2.5 earlier under the new income tax regime. The amount of rebate under Section 87A has been enhanced …
10 Best Income Tax saving schemes and plans in 2024
WebFeb 15, 2024 · Given below are the various tax-saving options for salaried individuals under the old tax regime to save income tax for the current FY 2024-23. Common deductions under old tax regime Standard deduction: A salaried individual is eligible for standard deduction of Rs 50,000 from salary income. WebFeb 17, 2024 · Tax Saving Investment Options for Tax-Free Income July 12, 2024 Investors are always looking for options that generate tax-free income. The good news is that there are plenty of tax free investments in India for investors. Listed below are tax free investments that meet a variety of needs and financial goals: Life insurance phone number city of stirling
Income Tax Exemptions under section 80C to 80U for FY 2024 - Policyb…
WebApr 29, 2024 · The Central Board of Direct Taxes (CBDT) stated on January 19, 2024, the process for evaluating whether ULIPs are tax-exempt. According to the current CBDT announcement, the total premium of both new and old ULIPs would be evaluated for ULIP tax exemption. If the total surpasses ₹2.5 lakh, the exemption will not apply to new ULIPs … WebMar 17, 2024 · What is Tax Exemption? Various Sections of Tax Exemptions in India. … WebDec 20, 2024 · Personal income tax rates. The slab rates applicable to individuals for tax year 2024/22 are as follows: The basic exemption limit for resident individuals who are 60 years of age or more but less than 80 years of age at any time during the tax year is INR 300,000. For resident individuals who are 80 years of age or more, it is INR 500,000. how do you pronounce irin