That shift alone brought down the tax payable under the new regime from Rs 13.47 lakh (including surcharge and cess) to Rs 9.71 lakh, saving Rs 3.75 lakh.

The new tax laws recently assented to by President Bola Tinubu would accelerate economic development and drive inclusive growth. A think-tank, Independent Media and Policy Initiative (IMPI ...

President Bola Ahmed Tinubu has said that the four landmark tax reform bills he is signing into law today (Thursday) are designed to bring tangible relief to ordinary Nigerians, restore fairness ...

Under the new income tax return (ITR) excel utility for FY 2024-25 (AY 2025-26), there are notable changes in the way taxpayers need to report house rent allowances (HRA).