Crypto assets to face more scrutiny: Transaction detail of to be reported to government by banks, others reporting entities, Budget 2025
Crypto transactions are now to be reported to the Income Tax Department through an method to be notified later. The G20 ...
New income tax slabs for FY 2025-26: 30% tax now starts at Rs 24 lakh, income up to Rs 20 lakh to be taxed at 20% in Budget 2025
The new tax regime is the default tax regime. Currently, the highest tax rate of 30% is applicable from net taxable income ...
Income Tax Budget 2025 LIVE: Who is likely to benefit most from FM Nirmala Sitharaman's tax slab change?
Finance Minister Nirmala Sitharaman in Budget announced new tax slabs in the new tax regime 2025, making it so that there is ...
Union Budget 2025: How compliance burden of senior citizens has been eased and how it works
Budget 2025 has raised the threshold for tax deducted at source and removed conditions on declaring a second house as self-occupied for tax purposes. The changes on TDS will benefit senior citizens.
Business Today5d
How to switch to the Old Tax Regime if your company opted for the New Tax Regime; check details
In ITR Form 1, taxpayers are given the choice to pick their preferred tax regime, granting them greater authority over their tax obligations. Opting out of New Tax Regime Individuals who wish to ...
95-97% taxpayers will move to New Tax Regime: CBDT chief on zero tax for salary up to Rs 12 lakh
CBDT Chairman Ravi Agrawal the motivation behind the rejig of the tax slabs was to provide substantial relief to the middle ...
moneycontrol.com4d
Income Tax Expectations: Relief for taxpayers with higher exemption limits and revised slabs?
Income Tax Expectations ... in the form of lower tax rates and increased deductions. Speculation is rife that the government may introduce significant changes to the new tax regime, including ...
moneycontrol.com3d
Income Tax Expectations: Higher tax exemption, new slabs likely for salaried class
Income Tax Expectations ... in the form of lower tax rates and increased deductions. Speculation is rife that the government may introduce significant changes to the new tax regime, including ...
The Financial Express5d
Budget 2025: Shift to calendar year tax system from financial year, tax experts to FM! Will it simplify or complicate your taxes?
With Budget 2025 around the corner and Finance Minister Nirmala Sitharaman set to present her 8th Budget overall and the 2nd under the Modi 3.0 regime, tax experts and taxpayers alike have high ...
The Sunday Times1d
Vehicle import restrictions lifted, but prices soar
A string of taxes has sent the imported vehicle prices soaring, with the five-year restriction on imports being lifted with effect from yesterday. Vehicle importers were finalising their prices ...
Firstpost2d
Tax relief, more jobs: What the middle class expects from Union Budget 2025
Stung by inflation, the middle class is hoping this budget will bring some relief in the form ... new direct tax law in the upcoming budget to replace the Income Tax Act of 1961. Speculations have ...
India Today4d
Budget 2025: Will Income Tax Act get simpler? Changes to watch out for
Budget 2025: The current income-tax ... a new income tax law. This article discusses some of the key amendments that may be introduced in the upcoming budget to achieve the Finance Minister's vision ...