The income tax reforms introduced in the budget are among the biggest in the last decade — simplified and rationalised to put more money in people's hands without compromising the fiscal deficit.

Section 194BB of the Act requires that any person, being a bookmaker or a person to whom a license has been granted by the Government under any law for the time being in force for horse racing in any ...

The higher disposable income resulting from lower tax incidence should ideally find its way into investing more towards ...

No tax for those earning Rs 12 lakh annually. Finance Minister Nirmala Sitharaman’s Union Budget has come as a blessing to the middle class. We talk about taxes, tariffs and the Kumbh Mela tragedy in ...

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.

Under the new regime, the tax liability for individuals earning Rs 12 lakh or Rs 12.75 lakh (for salaried persons) is Rs ...

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 ...

Lauding the new tax regime, PM Modi said that his government seeks to put more money in the pockets of people, increase ...

India’s finance minister gave middle class consumers 1 trillion rupees ($11.5 billion) in tax relief in her budget Saturday, seeking to shore up a slowing economy as global risks worsen.   ...

If AAP’s ‘middle-class manifesto’ pushed the BJP-led Centre with big demands, the Budget took several strides to assure this ...