The CBDT circular has been issued on 20 February 2025, and it will be applicable to the tax returns of the financial year ...

Salaried individuals and pensioners can claim a standard deduction of Rs 50,000 under Section 16. Investments under Section 80C: Contributions to instruments like Employees' Provident Fund (EPF ...

In Budget 2025, the government opted not to modify the existing tax regime or introduce any new deductions. Finance Minister Nirmala Sitharaman instead made adjustments to the slabs, rates, and ...