By investing in NPS and applying standard deduction of Rs 75,000, taxpayers earning Rs 13.7 lakh salary can pay zero tax; ...

By Nidhi Jacob On February 1, 2025, Union Finance and Corporate Affairs Minister Nirmala Sitharaman announced that the nil ...

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

Cutting tax rates can promote growth, and conversely raising taxes can hinder it—the intellectual heritage of this line of thought stretches back to an 18th century economist. But this theory ...

The slab rate system of taxation has been a cornerstone of India’s tax framework since its inception. Inspired by developed nations, this progressive tax system is designed to promote fairness ...

such as exempting annual incomes up to Rs 10 lakh from taxation and introducing a new 25% tax slab for incomes ranging from Rs 15 lakh to Rs 20 lakh, as reported by Business Standard.

Over Rs 1.88 lakh crore in GST evasion was detected by Central GST officers between April and December 2024, with 132 arrests ...

Will the new tax regime put more money in your pocket, or should you stick with the old regime? Here is all you need to know.

India’s retail inflation, based on the Consumer Price Index (CPI), for the month of December came in at 5.22 ... be a new slab in the new regime of say Rs 15 lakh - Rs 18 lakh with a tax rate ...

The most notable of the proposed reforms was the extension of the ‘nil tax’ slab to Rs 12 lakh. She stated, “To taxpayers up to Rs 12 lakh of normal income (other than special rate income such as ...

The two macro themes of this Budget are putting more money into the hands of the middle-class, and less government in ...

The budget aims to facilitate growth, fiscal discipline, and technological enablement. Key measures include sustained ...