Union government collects ₹100 in taxes, but ₹10-11 is collected as cesses, surcharges, and cost of collection.

Understanding these charges can help you better prepare for changes in the tax regime and manage your finances effectively.

The income tax rates for the assessment years (AY) 2025-26 and 2026-27 remain unchanged across categories. Under Section 115BAC, default rates for individuals and Hindu Undivided Families (HUF) ...

Summary: Budget 2025 introduces significant changes to income tax slabs under the new tax regime for individuals. Key highlights include tax-free income up to ₹4,00,000, and progressive tax rates ...

The Union Budget has made significant adjustments, including raising the cap of Rebates under Section 87A and drastically ...

Income tax on cryptocurrency transaction. After Budget 2025 there is no change in taxation of cryptocurrencies as they ...

Thus, you will be required to deduct tax at source at 12.5% (plus applicable surcharge & cess) on the long-term capital gains when paying the non-resident individual. The income tax department ...

FM Nirmala Sitharaman announced major income tax relief, with no tax payable on income up to Rs 12 lakh. New tax regime to be ...

As per income tax laws, non-residents are liable to pay a flat tax on dividends at 20%, which coupled with a cess of 4%, results in an effective tax rate of 20.8%. A surcharge is applicable if net ...