Explained: Income Tax Exemption Vs Rebate Vs Deductions: Income Tax Exemption Vs Rebate Vs Deductions: The Union Budget 2023, which will be tabled in Parliament on Febuary 1, will be keenly watched by taxpayers as they look forward to relaxations in taxability of their income. The relaxation in income tax is given by the government in three ways — exemption, deduction and rebate. As the Budget is round the corner, these three terms are important for taxpayers to understand.
Saurrav Sood, practice leader (international tax & transfer Read More
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