There are two tax slabs in India under the old regime & new regime. In the Old Tax regime, on an income of Rs 2,50,000 to Rs 500,000, there was a five per cent tax on income above Rs 250,000.

All the major changes announced in Budget 2024 - rejig of income tax slabs under the new regime and rationalisation of ...

RBI may cut rates amid low inflation; GST Council plans to revise tax slabs and compensation cess; stalled India-US trade talks risk 26 percent tariffs from August 1; exports slow, but inflation falls ...

Apart from that, the government expects the new tax slabs to encourage more people to shift to the new tax system. It estimates 75% of taxpayers filed taxes under the new system in 2024-25. ($1 ...

For over a year, discussions have been going on to simplify the GST, but no progress has been made. Meanwhile, in June this year, India collected Rs 1.85 lakh crore in Goods and Services Tax (GST), a ...

India's Goods and Services Tax (GST) is poised for a major overhaul since its 2017 launch. A key change involves potentially ...

GST's 2017 rollout unified India's market, replaced 17 taxes, boosted logistics, and expanded the tax base, enhancing ...

India's new income tax bill proposes sweeping powers for authorities to access taxpayers' emails, trading and social media accounts during searches, activities which are not covered in the current ...