Section 80TTA/80TTB of Income Tax Act provides that in case the gross total income of an assessee being, an individual or a HUF, includes any income by way of interest on saving deposits. Such interest income shall be earned from saving account is maintained with: a banking company to which Banking ...

Many employers have asked their employees to submit proof of the investments made during the year, to avoid higher tax deduction from salary income. Unlike in the previous years, the income tax laws have a lot of changes now and some of them came into effect from April 1, 2023, for FY 2023-24. So sa...

Education is a fundamental pillar of any society’s progress, and in India, the government recognizes the importance of promoting educational opportunities for its citizens. In line with this objective, the Indian tax system provides several tax benefits for education that can help individuals ...