The Budget proposes revised slabs and rates, which Sitharaman said would reduce the tax burden on the middle class, allowing ...

When asked whether the budget announcement of zero tax on annual income up to ₹12 lakh would lead to 100% of taxpayers ...

Salaried individuals can achieve zero tax on annual income up to ₹13.7 lakh through standard deductions and investments in ...

While a majority of the middle class is said to benefit out of the new tax regime, it has its pros and cons. Cusmat offers an ...

Currently, about 74-75 per cent of taxpayers file their returns under the new income tax regime, the official said citing government data.

Previously, the reading of the Income Tax Act led to proceeds from exits to be considered business income for domestic ...

Agrawal discussed a range of topics, including framing of tax proposals, and why he feels most taxpayers would opt for the ...

Apart from zero tax for about a crore people earning Rs 12 lakh a year, slabs also recast to benefit those in higher salary brackets. How much do you save if you earn over Rs 15 lakh a year? We ...

With the increase in exemption slab to Rs 12 lakh, those who earn up to Rs 1 lakh per month will not have to pay any Income ...

While a majority of the middle class is said to benefit out of the new tax regime, it takes away all the exemptions on ...

The budget outlines 10 broad development measures under the four pillars of Viksit Bharat, namely 'Nari Shakti, Yuva Shakti, ...

In a strategic move to energize the economy, the FM has proposed a series of tax reforms aimed at increasing personal ...