Currently, about 74-75 per cent of taxpayers file their returns under the new income tax regime, the official said citing government data.

Previously, the reading of the Income Tax Act led to proceeds from exits to be considered business income for domestic ...

Agrawal discussed a range of topics, including framing of tax proposals, and why he feels most taxpayers would opt for the ...

He is confident of the government achieving 14.4 per cent growth in income-tax collection even after forgoing Rs 1 trillion ...

Apart from zero tax for about a crore people earning Rs 12 lakh a year, slabs also recast to benefit those in higher salary brackets. How much do you save if you earn over Rs 15 lakh a year? We ...

With a rejig of Income Tax slabs, the expectation is that the money saved will flow back into the economy through consumption ...

The finance ministry has proposed a two-year timeline, extendable by one year, for completing provisional assessments of ...

While a majority of the middle class is said to benefit out of the new tax regime, it takes away all the exemptions on ...

The budget outlines 10 broad development measures under the four pillars of Viksit Bharat, namely 'Nari Shakti, Yuva Shakti, ...

Union Budget 2025 has introduced significant changes in the income tax structure, providing relief to the middle class and salaried individuals.

New Delhi: The new tax structure announced in the Union Budget 2025-26 is expected to benefit around 5.65 crore taxpayers who ...

In a major relief for the middle class, Finance Minister Nirmala Sitharaman announced that individuals earning up to Rs 12 ...