“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% ...

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

The new tax regime is the default tax regime. Currently, the highest tax rate of 30% is applicable from net taxable income ...

In 2014, taxpayers were exempt from tax on income up to Rs 2 lakh. Budget 2025 has significantly expanded this relief to Rs ...

Nirmala Sitharaman made a historic announcement that there will be no income tax payable for those with an income upto ₹12 lakh.

With state governments handing out freebies to the poor leading to despondency in the middle-class, it was assumed that ...

During the presentation of the Union Budget 2025, Finance Minister Nirmala Sitharaman announced that a new income tax bill ...

JCIT (A) upheld the CPC’s action, stating that under section 115BAC, once the option for the new regime is exercised, it cannot be withdrawn for the current year, only for subsequent years. However, ...

Given the government's stated stance about fiscal prudence and the restricted fiscal space to sharply increase spending, a ...

This article discusses some of the key amendments that may be introduced in the upcoming budget to achieve the Finance ...

Anyone earning Rs 2.5 lakh or more in India must file an ITR. This rule applies to everyone, not just high-income earners.

Tax planning done right can reduce your tax liability by up to 26%. Most people don’t know about the tax-saving opportunities they can use. A tax planner India helps you tap into these savings. The ...