Individuals earning up to Rs 12 lakh annually will not have to pay any income tax under the new tax regime as Finance Minister Nirmala Sitharaman on Saturday gave relief to middle class by raising…
As a political controversy erupted over Congress’s Indian Overseas Congress chairperson Sam Pitroda remarks advocating for a US-like inheritance tax system in India, Firstpost takes a look back at the…
The employer’s Form 16, which details the taxes withheld from employee salaries during the fiscal year, includes Part B, which shows this deduction.Two deductions are available exclusively to salar…