Day 7/15 – Income Tax Act 2025 Series Gross Salary ≠ Taxable Salary. And under the New Income Tax Act, 2025, deductions don’t vanish—they’re claimed differently. In today’s post, I’ve explained: ✔️ What must be included in Gross Salary ✔️ How deductions are claimed under the New Act ✔️ Key comparison with Income Tax Act, 1961 🔹 Deductions Covered (New Act 2025): • Professional Tax • Standard Deduction • Gratuity (Govt / Non-Govt / Defence) • Commuted Pension • Pension from Specified Funds • Ret

📢 Salary Components: Taxable or Exempt? 🤔💰 | #CADeveshThakur Confused about which salary components are taxable and which are exempt? 🤯 Don't worry! In this reel, we break it down in a simple and easy-to-understand way. ✅ 💡 Useful for: 📌 Class 11 & 12 Students 📌 B.Com & Graduation Students 📌 CA Inter, CA Final Aspirants 📌 Accountants & Finance Professionals 📊 Topics Covered: ✔️ Basic Salary – Taxable? 🤷‍♂️ ✔️ HRA, LTA, Allowances – Exempt or Not? 🏠✈️ ✔️ Perquisites & Deductions Expla