CBDT Chairman Ravi Agrawal the motivation behind the rejig of the tax slabs was to provide substantial relief to the middle ...

These are open-ended funds and have a lock-in period of three years as compared with five years for unit-linked insurance ...

“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 CBDT Chairman also cited the new tax regime (NTR), where there are no deductions or exemptions allowed like the old regime, which has "simple" calculations for a taxpayer, enabling them to file ...

Prime Minister Narendra Modi expressed confidence in BJP forming the next government in Delhi, criticizing AAP's governance ...

The caste survey in Telangana reveals that backward classes excluding Muslim minorities constitute 46.25 per cent of the ...

The Union Budget has clearly focussed on boosting consumption and stimulating job growth with proposals to benefit workers.

The Union Budget for the fiscal year 2025-26 presented by Finance Minister Nirmala Sitharaman has sparked mixed reactions ...

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 ...

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 ...

Less: Exemptions on Salary income (other than HRA) which are not allowed under New Regime (e.g. Leave travel allowance, Education allowance, Hostel allowance etc.) Less: Exemptions on Salary ...