Pink Tax & Gender Pay Gap: How It Affects Women’s Financial Independence The Silent Surcharge: Pink Tax and How It Eats into Women’s Earnings Understanding the Pink Tax: A Hidden Cost on Women’s Finances Have you ever noticed that products and services marketed to women often cost more than similar ones for men? This hidden price disparity, known as the pink tax, is an invisible financial burden placed on women for everything from personal care […]

GST Registration for Professional Landlords: When Do You Need to Register? Do You Need to Register for GST as a Professional Landlord? Are you earning rental income from commercial properties? If your income crosses a certain threshold, you may be required to register for GST and charge tax on rent. Understanding GST rules for landlords is essential to avoid penalties and ensure compliance. Let’s break it down step by step. GST Registration Threshold for […]

Income Tax Deduction from Salaries in Financial Year 2024-25 Under Section 192 – A Complete Guide Understanding income tax deductions from salaries is crucial for both employers and employees. The Income Tax Act, 1961, under Section 192, governs how tax is deducted at source (TDS) from salaried individuals. The Financial Year 2024-25 brings several amendments, including revised tax slabs, exemptions, and deductions introduced through various Finance Acts. This guide will simplify the latest tax provisions […]

New Income Tax Bill 2025: A Step Towards Simplification The Income-Tax Bill 2025 was recently introduced in the Lok Sabha on February 13, 2025, aiming to replace the Income-Tax Act, 1961. Unlike the Draft Direct Taxes Code Bill of 2009, this bill does not bring drastic reforms, introduce new taxes, or create uncertainties for taxpayers. Instead, it streamlines the existing tax laws by restructuring and removing outdated sections, making the Income-Tax Bill 2025 almost half […]

Income Tax: New tax regime continues to allow these deductions and exemptions Navigating the New Tax Regime: Opportunities for Deductions and Exemptions As businesses and individuals transition to the New Tax Regime (NTR), understanding the nuances of permissible deductions and exemptions becomes crucial. Although many traditional tax-saving instruments such as PPF, ELSS, KVP, and NSC have been phased out, this new landscape still offers valuable opportunities for strategic tax planning. Key Deductions and Exemptions Still […]