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Clause (10D) of section 10 provides for income-tax exemption on the sum received under a life insurance policy, including bonus on such policy.

ULIP with Premium of more than Rs.2.5L to be treated as Equity-oriented Fund for Capital Gain Taxation [Budget 2025]

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Several city-based information technology experts have come under scrutiny by the income tax department after being identified as "top donors" to registered unrecognised political parties.

Tax Refund Scam: Hyderabad Techies Fraudulently claimed Rs.110 Crore via making fake Donations to Political Parties

Budget 2025 made various changes to direct taxation. New tax rate slab introduced, basic exemption limit increased, tax rebate limit raised under New Tax Regime.

Income Tax Slab: Exemption for not filing ITR is for Income up to Rs.2.5L or Rs.4L

It is proposed that the provisions of section 17 may be amended so that the power to prescribe rules may be obtained to increase the limit on the gross total income of the employees.

Revision in Perquisite Limits for Salary Income [Budget 2025]

Finance Minister brought good news for individual taxpayers, especially those in the lower and middle class in Budget on February 1, 2025.

Budget 2025: 5 Tax-Saving Proposals in Budget that Simplify Compliance and Reduce Burden

The Union Budget 2025 presented by Finance Minister in parliament on 1st Feb 2025. Various changes and amendments made in direct taxation this Budget.

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ULIP with Premium of more than Rs.2.5L to be treated as Equity-oriented Fund for Capital Gain Taxation [Budget 2025]

Tax Refund Scam: Hyderabad Techies Fraudulently claimed Rs.110 Crore via making fake Donations to Political Parties

Income Tax Slab: Exemption for not filing ITR is for Income up to Rs.2.5L or Rs.4L

Revision in Perquisite Limits for Salary Income [Budget 2025]

Budget 2025: 5 Tax-Saving Proposals in Budget that Simplify Compliance and Reduce Burden

Budget 2025 amends the Definition of ‘Capital Asset’