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

It is proposed that eligible startups incorporated before April 1, 2030, can now claim a deduction of 100 per cent of ...

He is confident of the government achieving 14.4 per cent growth in income-tax collection even after forgoing Rs 1 trillion ...

With a rejig of Income Tax slabs, the expectation is that the money saved will flow back into the economy through consumption ...

The Finance Bill 2025 proposes extending the tonnage tax scheme to inland vessels, registered under the Inland Vessels Act, 2021, in an effort to boost India’s inland water transportation industry.

Tax implications for using a company-provided car depend on whether it is used for official or personal purposes. Personal ...

FMCG companies anticipate a boost in consumption growth due to tax reliefs and increased rural investments from the FY26 ...

Budget 2025 has proposed higher thresholds for tax deducted at source (TDS) and tax collected at source (TCS). The new ...

If you are still confused about which tax regime to choose after Budget 2025 proposals, here is how to choose between the old ...

In terms of GST-specific amendments, Budget 2025 also focused on pre-deposit amounts for GST appeals, reducing penalties for E-way bill violations and introducing a 10% penalty for other infractions.