Zero tax till Rs 12 lakh: What's difference between rebate under Section 87A, exemptions & deductions?
Finance Minister Nirmala Sitharaman implemented changes to the slabs, rates, and rebates under the New Tax Regime to ...
New Tax Regime: Should you opt for it over old tax regime? All about income tax slabs, exemptions and more
Introduced in 2020, the new tax regime became a default regime in 2023. To be able to file tax return under the old tax ...
Budget 2025: FM Sitharaman makes new income tax regime more attractive for salaried taxpayers
With the proposed changes, NPTR will now become far more appealing for individuals as it would mean availing beneficial tax ...
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 ...
Tax Guru6d
Union Budget 2025: Exhaustive Analysis of Changes under Income Tax Law
Vide Finance Act 2022, taxation of virtual digital assets (VDA) has been introduced in the Income-tax Act, 1961 (‘the Act’), under section 115BBH of the Act in which the transfer of VDA is to be taxed ...
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 Highlights: Who is likely to benefit most from FM Nirmala Sitharaman's tax slab change?
Finance Minister Nirmala Sitharaman announced new tax slabs in the new tax regime 2025, so there will be no income tax for ...
MarketWatch11d
Here’s when you can file your 2024 taxes — and what’s new this year with refunds, tax laws and free tax prep
The Internal Revenue Service has set its calendar for the upcoming tax-filing season: Americans can start submitting their income-tax returns on Monday, Jan. 27. As people send in their 2024 ...
LEADERSHIP Newspaper15d
UBA To Educate Businesses On New Tax Regime For SMEs
Following the tax reforms in the country, United Bank for Africa (UBA) Plc is set to host a Knowledge Series webinar specifically dedicated towards informing and educating small and medium ...
The Indian Express17d
Union Budget 2025: 3 key tax expectations in the new regime
The budget aims to boost spending and drive economic growth. With more people moving to the new tax regime, the government is expected to introduce changes to make it more appealing. The new regime is ...
CNN-News1818d
Will Budget 2025 Extend Rs 50,000 NPS Deduction Under Section 80CCD(1B) to New Tax Regime?
Will the NPS Deduction Under Section 80CCD(1B) Be Included in the New Tax Regime? Experts believe that the inclusion of the NPS deduction under Section 80CCD(1B) in the new tax regime could encourage ...
Philippine Daily Inquirer18d
Marcos admin needs new tax measures
Recto had earlier said there was no need for new taxes in the country. But now he believes it’s important for the executive department to have new tax bills ... be in the form of low-cost ...