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Articles for Salaried Individuals

Travel Loan: A complete guide to eligibility, documents, and interest rates
2 weeks, 4 days ago

Travel Loan: A complete guide to eligibility, documents, and interest rates

Live Mint  

Planning a dream vacation, but are financial constraints delaying it? These short-term loans are given to salaried individuals, self-employed persons, including professionals, and business persons, depending on their income levels. Salaried individuals and self-employed professionals with at least two years of experience are eligible for the loan. The minimum income requirement varies with each lender but you must earn at …

Business Travel Loans Loan Personal Loan Interest Rates Interest
Why choose a personal loan for salaried individuals when in need of funds?
3 months, 3 weeks ago

Why choose a personal loan for salaried individuals when in need of funds?

Hindustan Times  

In today’s fast-paced world, personal loans are essential financial tools for employed individuals, addressing a wide range of needs from unexpected expenses to personal goals. Advantages of NBFC Personal Loans Choosing personal loans from Non-Banking Financial Companies offers several advantages over traditional bank loans: Faster Approval Process: NBFCs often have quicker approval processes than traditional banks, requiring less paperwork and …

Personal Financial Access Personal Loans Loans Loan Medical Expenses
Budget 2024: Employees can claim TCS credit against TDS deduction on salary; here’s how
4 months, 3 weeks ago

Budget 2024: Employees can claim TCS credit against TDS deduction on salary; here’s how

Live Mint  

In the recent past, did you make a remittance outside India under the LRS scheme for your child’s education or book an overseas tour package? They will be able to claim TCS credit against the TDS deduction on their salary. Proposal for allowing credit of all TCS and TDS paid During her Budget 2024 speech, the Finance Minister proposed that …

Finance India Salary Tax Credit Itr Individuals
Revised income tax slab rates, Budget 2024: Salaried individuals stand to save up to ₹17,500, standard deductions hiked
5 months ago

Revised income tax slab rates, Budget 2024: Salaried individuals stand to save up to ₹17,500, standard deductions hiked

The Hindu  

Altering the structure for taxation of income under the new regime, Finance Minister Nirmala Sitharaman on Tuesday revised the tax slabs whilst retaining the erstwhile corresponding tax rates other than increasing the standard deductions. The two measures combined, she stated, would provide relief to “about four crore salaried individuals and pensioners.” More under new regime According to Deepashree Shetty, Partner …

Finance Tax Income Lakh Regime Individuals Stand
How middle class pays more taxes than corporates, and gets ignored too
5 months ago

How middle class pays more taxes than corporates, and gets ignored too

India Today  

Read Full Budget 2024 Coverage The middle class, the tax-paying population of India, stares at the face of the government every time the Budget day approaches. Revenue Receipts 2019-2020 2021-2022 2022-2023 2023-2024 2024-2025 Corporate Tax 556,876 712,037 825,834 922,675 1,042,830 Income Tax 492,654 696,243 833,260 1,022,325 1,156,000 Source: Government of India data The taxes were reduced to boost capital expenditure, …

Finance India Population Corporate Tax Taxes Budget
Budget 2024: Will these non-metro cities get 50% HRA exemption?
5 months, 3 weeks ago

Budget 2024: Will these non-metro cities get 50% HRA exemption?

India Today  

The budget season is here and one thing that comes with it are expectations of tax relief from salaried individuals and this year is no different. The HRA tax exemption for salaried individuals in these cities remains lower at 40% because the tax laws have not been updated to reflect the current times. For example, a person living in Bengaluru …

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Interim budget 2024: Can taxpayers expect relief? 5 anticipated changes
11 months, 1 week ago

Interim budget 2024: Can taxpayers expect relief? 5 anticipated changes

India Today  

The Interim Budget 2024 looms just days away, and a wave of expectations is sweeping across various sections of taxpayers, particularly the middle-class, with hopes of significant tax reliefs. Now, after nearly five years, there is a growing call for parity between businessmen and professionals, urging an official expense standard deduction of at least Rs 1,00,000 in 2024. To bring …

Tax Individuals Deduction Expect Limit Lakhs Salaried Individuals
Interim Budget 2024: Will standard deduction of Rs 50,000 get a hike?
11 months, 1 week ago

Interim Budget 2024: Will standard deduction of Rs 50,000 get a hike?

India Today  

The Interim Budget 2024 is just around the corner and the middle-class taxpayers are holding their breath, hopeful for some relief in the form of income tax concessions. A report from Anand Rathi talks about how a higher standard deduction is needed for salaried taxpayers to ease taxes for middle and lower-income groups without many investment options. Standard Deduction over …

Tax Budget Medical Expenses Income Increase Gst Standard
Budget 2021 Taxpayer Expectations: Know What A Common Man Is Eyeing In This Budget
3 years, 11 months ago

Budget 2021 Taxpayer Expectations: Know What A Common Man Is Eyeing In This Budget

ABP News  

Budget 2021 Taxpayer Expectations: With the common man bearing the brunt of Covid-19 in 2020, now all eyes are set on the annual budget to be presented by finance minister Nirmala Sitharaman on February 1, 2021. The current tax slabs are NIL for those earning between Rs 0-2,50,000: 5 percent for income between Rs 2.5-5 lakh Rs 5 lakh-Rs 7.5 …

Budget Income Man Taxpayer Higher Tax Limit Rs 5 Lakh