Recognizing the contributions of the middle class and with an objective to eventually phase out the old tax regime, various ...

The Union Budget 2025 has introduced several noteworthy changes in direct taxation, aimed at benefiting taxpayers and simplifying the tax structure. These reforms focus on reducing the tax burden, ...

High-income households and profitable corporations would grow even wealthier under Republican proposals for trillions of ...

Income Tax Slabs FY 2025-25 New versus Old Income Tax Regime: Finance Minister Nirmala Sitharaman announced significant ...

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

Summary: Effective from September 1, 2024, the Budget 2025 amendments introduce block assessment procedures for search cases under Sections 158B to 158BI of the Act. A block period now includes six ...

Stay tuned for live updates as FM Sitharaman presents her eighth Union Budget 2025. Follow our live coverage for all the ...

Budget 2025 income tax expectations: Standard deduction is a flat deduction available on the salary income that helps reduce the taxable income of a taxpayer. Personal tax experts are of the view ...

The new income tax law, which will replace the six-decade-old Income Tax Act, is expected to be introduced in the Lok Sabha next week, according to Finance Minister Nirmala Sitharaman's statement on ...

Additionally, Sitharaman introduced revisions to income tax slabs to make taxation more progressive. Individuals earning up ...

The need of the hour is to expand the tax base because in a country of 140 crore, 3 crore is already abysmally low and it ...

Union Finance Nirmala Sitharaman while presenting Union Budget 2025-26 said the government will introduce a New Income Tax ...