The new tax regime simplifies income tax, but with fewer deductions in play, taxpayers must make the most of the available ...

Different capital assets — such as listed shares, mutual funds, tax-free bonds, debentures, unlisted shares, and real estate ...

In Budget 2025, the government opted not to modify the existing tax regime or introduce any new deductions. Finance Minister ...

The new tax regime was first introduced in Union Budget 2020-21 by inserting a new section, 115BAC, in the Income Tax Act for ...

Unfortunately, this benefit is not applicable in the new tax regime ... no clarity by the government on the tax saving opportunities in the Vatsalya scheme. Enhanced taxation policies combined ...

SLEW OF DIRECT TAX REFORMS PROPOSED IN UNION BUDGET 2025-26 TO ACHIEVE GOOD GOVERNANCE Union Minister for Finance and Corporate Affairs, Smt. Nirmala Sitharaman presented the Union Budget 2025-26, in ...

The corporate scheme deduction was increased to a maximum of 14% of an employee's basic pay under the new exemptions regime. However, only salaried taxpayers benefited from this tax break.

Budget 2025 has made no change to the tax rate or holding period for long term capital gains (LTCG) and short term capital ...

Finance minister Nirmala Sitaraman promised to continue efforts to simplify taxes, improve tax payer services, provide tax ...

Income tax payers have a list of demands, including a 30 percent tax slab applicable only to those earning above Rs 20 lakh, ...

Debt mutual ... "Since the government has already announced plans to revamp the Income Tax Act, it is likely that the old tax regime may be phased out for good in the new scheme of things.