TDS

TDS On Contract Under Section 80C

Section 80C of the Income Tax Act, 1961, is one of the most popular tax-saving provisions for individuals and Hindu Undivided Families (HUFs) in India. It allows taxpayers to reduce their taxable income by up to ₹1.5 lakh per financial year by investing in specified financial instruments. Apart from lowering tax liability, these investments can

Income Tax

10 Lakh Income Tax Free in India ?

Many salaried professionals in India wonder whether earning ₹10 lakh a year can be completely tax-free. The short answer is no. Under the latest income tax rules, including changes introduced in the Union Budget for FY 2024-25, a ₹10 lakh income falls into a higher tax bracket, making it taxable. However, with the right planning

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