Salaried employees should know income tax exemption limits for various allowances. Leave Travel Allowance is exempt for self ...

Many churches assume that once the church has a PAN card and a bank account, the church is automatically outside the Income Tax system, thinking that churches are not-for-profit organizations doing ...

Pension income is taxable in India, but the tax treatment depends on the type of pension received. Regular pension payments are generally taxed as salary. However, lump sum amounts or commuted ...

Taxpayers should maintain documentation that clearly establishes both the source of the income and the legal basis for claiming exemption.

ITR Filing 2026 Deductions: The ITR filing season is underway, and taxpayers are busy collecting crucial documents and ...

Sikkim is the only state in the country where residents who are eligible are exempt from paying income tax. The special ...

Living abroad does not automatically exempt NRIs from filing an ITR in India. Tax filing depends on residential status, ...

Income Tax Department opposes same-sex couple's tax exemption plea, asserting only legally recognized marriages qualify for ...

Taxpayers filing income tax returns for AY 2026-27 can claim various deductions and exemptions depending on the tax regime they choose. Here's the complete list of tax benefits available under the old ...

Under the Income Tax Rules, 2026, the exemption limit per meal has been increased to Rs 200, up from the earlier Rs 50 cap approved last week by Parliament.