Income Tax Slab For [FY 2025-26]
The Government of India levies tax upon the income of salaried and self-employed citizens of all age groups. Once you figure out which tax slab you fall under as per your tax regime, it becomes easier ...
Budget 2025: Tax-free income limit under new regime rises to Rs 12 lakh
Union Finance Minister (FM) Nirmala Sitharaman, who presented her eighth consecutive Union Budget on February 1, streamlined ...
Financial Advisor9d
An Expanding Category Of ETFs Built To Limit Taxes
Now, a new category of ETFs aims to cut investors’ tax bill even further by using IRS Section 351. A Section 351 conversion lets investors move assets, including appreciated separately managed ...
New Tax Regime – Which Tax Benefits Will Be Gone In 2025?
Introduced in the Union Budget 2020, the new tax regime offers significant reductions in tax rates, but limits the ...
Tax Slab Expectations: Meaningful tax relief, basic exemption limit to Rs 5 lakh, slash number of TDS rates in Budget 2025
The current income tax slabs introduced for FY 2024-25 were designed to alleviate the tax burden on average taxpayers.
Tax Guru7d
FAQS on Section 115VP Time Limit Extension for Tonnage Tax Orders
Section 115VP of the Income-tax Act allows qualifying shipping companies to opt for the tonnage tax scheme by applying to the jurisdictional Joint Commissioner of Income-tax. Currently, the Joint ...