As per the new tax regime, certain incomes are exempted.
There is a proposal to introduce a new tax bracket of 35 per cent for the super-rich who are earning above ₹2 crore each
The new ITR forms require elaborated details for all sources of income that is disclosed by the assessees.
If your HRA comprises 50 percent of your basic salary, then you can get maximum tax benefit of it.
Generally, cashbacks are offered in two ways.