The Union Budget 2024 increased the standard deduction from Rs 50,000 to Rs 75,000 under the new tax regime, simplifying tax ...

Save more tax in old tax regime by claiming up to Rs 8.5 lakh tax deductions for a salary income up to Rs 25 lakh. Moreover, ...

Finance Minister Nirmala Sitharaman is set to introduce a new Income Tax Bill aimed at simplifying the six-decade-old tax ...

Since its introduction, the government has actively promoted the new tax regime, citing its reduced compliance burden for ...

With the proposed changes, NPTR will now become far more appealing for individuals as it would mean availing beneficial tax ...

The Indian government on Saturday announced the biggest tax relief in at least a decade to boost consumer demand to revive ...

India's Income Tax Act is a complex web of sections offering deductions to taxpayers. These deductions help reduce your ...

In India, the rising cost of healthcare makes health insurance essential for financial protection against unforeseen medical ...

Section 194 of the Income-tax Act mandates that Indian companies must deduct 10% income tax on dividends paid to shareholders who are residents in India, before making any payment. The first proviso ...

Investments in green bonds or sustainable funds that contribute to environmentally-friendly projects or companies can also ...

Budget 2025 prioritised three key areas: reviving consumption amid a notable slowdown, keeping inflation in check through a ...

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