Tag Archives: tax exemptions

List of Deductions Allowed in New Tax Regime in AY 2025-26 and AY 2026-27

By | February 18, 2025
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List of Deductions Allowed in New Tax Regime in Section 115BAC of Income Tax Act There are certain Deductions Allowed in New Tax Regime in FY 2024-25 (AY 2025-26) and FY 2025-26 (AY 2026-27) Comparison of exemption/deductions available under the old tax regime and new tax regime of Section 115BAC Here’s the updated table incorporating… Read More »

Govt may fix threshold criteria for political parties to enjoy tax exemptions

By | December 21, 2016
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Government plans to set a threshold criteria for political parties to enjoy tax exemptions to check money laundering by outfits that do not contest elections, Finance Minister Arun Jaitley said today. He said the Revenue Secretary has been asked to look into the issue in the wake of Election Commission’s recommendations in this regard. Jaitley’s… Read More »