According to the FAQs issued by the government, in the new regime under Section 115BAC(1A), marginal relief is available to ...

Budget 2025 has made no change to the tax rate or holding period for long term capital gains (LTCG) and short term capital ...

One of the key highlights of Budget 2025 was that individuals earning up to Rs 12 lakh will not have to pay any income tax ...

Ahmedabad: Addressing a gathering on the Union Budget analysis at the Ahmedabad Management Association (AMA) on Sunday, ...

Under the provisions of section 87A of the Act, an assessee, being an individual resident in India, having total income not exceeding Rs 5 lakh, is provided a rebate of 100 per cent of the amount of ...

“For a person earning Rs 12,10,000, in the absence of marginal relief, the tax would amount to ₹61,500 (5% of ₹4 lakh + 10% ...

The income tax rates for the assessment years (AY) 2025-26 and 2026-27 remain unchanged across categories. Under Section 115BAC, default rates for individuals and Hindu Undivided Families (HUF) ...

In her post Budget press conference, Nirmala Sitharaman said that an additional one crore people will pay no tax post her announcement. Here's how ...

MUMBAI: Imagine opening your paycheck and finding an unexpected bonus—except this time, it’s courtesy of the taxman. Looks ...