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) ...

If you think you need to file a return this year, maybe for the first time, you're likely wondering where to start.

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

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

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

Budget 2025 brings key tax, insurance, and investment changes. From ULIP taxation to NPS benefits and Kisan Credit Card ...

In the Finance Act, 2020 a new Section 115BAC was inserted as part of the Income Tax Act, 1961 (the Act) with a view to ...

Guide: The new income tax regime under Budget 2025 allows tax-free income up to ₹12 lakh. Taxpayers earning just above this threshold can avail marginal relief, reducing their tax liability significan ...