The new tax regime, introduced in Budget 2020 and revised in Budget 2023, provides lower tax rates but removes most exemptions and deductions.

Check the updated income tax slabs, rates, and deductions announced in Union Budget 2025-26. Compare the new tax regime with ...

In case you are a non-resident individual or even a resident HUF, AOP or BOI you are not entitled to rebate under Section 87A and will have to pay tax at the slab rates under the new tax regime on ...

Referring to the landmark income tax exemption up to Rs 12 lakh announced by Finance Minister Nirmala Sitharaman in the Union ...

Ans. Earlier the limit of income for nil tax payment was Rs 7 lac. By increasing this limit to Rs 12 lakh around one crore assessees who were earlier required to pay tax varying from Rs 20,000 to Rs ...

The forthcoming income tax Bill could be a revolutionary step to open a new chapter in India's fiscal narrative. It is poised to demystify the tax process, encouraging greater compliance.

An Indian lawyer, who recently moved to Europe, expressed her frustration with the demanding work culture in India through ...

Under the proposed Union Budget 2025, a ₹60,000 rebate applies to incomes up to ₹12 lakh, enhancing the attractiveness of the ...

Income up to Rs 12.75 lakh is tax-free under the new tax regime for FY 2025-26, thanks to enhanced rebates and deductions — but it's not tax-exempt. Here's how your tax is calculated.

Budget 2025 announcements included reforms related to income tax, TDS, tax on second housing property, crypto investent, etc.

Vide Finance Act 2022, taxation of virtual digital assets (VDA) has been introduced in the Income-tax Act, 1961 (‘the Act’), under section 115BBH of the Act in which the transfer of VDA is to be taxed ...

Rahul Gandhi criticizes Arvind Kejriwal for failing to clean the Yamuna River as promised and challenges him to drink its ...