Budget 2025 focusses on providing relief to the middle class, while keeping its eye on development. Will it spur demand?

This tool allows individuals to compare their tax liability under both the old and new tax regimes by entering their income ...

The Income Tax Department has introduced an online calculator for taxpayers to compare their potential savings under the newly default New Tax Regime, effective April 2025. The initiative aims to ...

The new income tax bill received clearance from the Union Cabinet last week. Soon, the FM will likely table the same in the Parliament. The new income tax bill, once passed by the Parliament, will ...

K.N. Balagopal praises 2025-26 Budget for Kerala's future growth, focusing on fiscal stability and sector development.

In the Budget 2025, Finance Minister Nirmala Sitharaman increased the income tax rebate limit from Rs 7 lakh to Rs 12 lakh in the New Tax Regime. Effectively, individuals earning up to Rs 12 lakh will ...

The total revenue impact of major tax incentives for Individual/HUF taxpayers for last five years is Rs 8,69,907.40 In comparison, the total revenue impact of major tax incentives for corporate ...

Total Revenue Impact for FY 2023-24 is projected revenue impact. (ii) The total revenue impact of major tax incentives for Individual/HUF taxpayers for last five years is Rs 8,69,907.40 Crores. In ...

The Government of India levies tax upon the income of salaried and self-employed citizens of all age groups. Once you figure out which tax slab you fall under as per your tax regime, it becomes easier ...

Countering Opposition barbs about being a ‘suit-boot ki sarkar’, the government on Monday informed the Lok Sabha that the ...

Before switching to the new tax regime, it's essential to weigh the pros and drawbacks. Indian taxpayers’ disposable incomes ...

The new tax regime is the default tax regime. Currently, the highest tax rate of 30% is applicable from net taxable income ...