As the deadline for filing Income Tax Returns (ITR) approaches, many taxpayers are often confused about three key terms—rebate, deduction, and exemption. While all three help in reducing the tax ...

Not filing an ITR leads to missing out on refunds where TDS was already deducted on FDs, salary, or freelance income.

T rules allow senior citizens some relief in taxes through deductions, exemptions and compliance activities, that they can ...