The Union cabinet approved the income tax bill on 7 February to replace the existing law, and it is expected to be tabled in ...

Multifarious Key Taxation Laws and Rules: The Indian taxation system is governed mainly under the Income Tax Act, 1961, with relevant sections being: Section 4: General Taxability. Section 90: ...

India’s latest budget introduces one of the most significant tax cuts in decades, boosting disposable income & supporting ...

Also Read: Old Tax Regime Vs. New Tax Regime Bottom Line During the Union Budget, the government of India announces any amendments to the income tax slabs for the financial year. In the Budget ...

India cut personal income tax rates for some individuals in a bid to boost consumption across Asia's third-largest economy, ...

Narendra Modi’s government has presented an annual budget that focuses on wooing the salaried middle class with tax cuts and ...

India cut taxes for the country’s middle class, putting about $12 billion more in their pockets as the Narendra Modi-led ...

In the realm of income tax in India, it is essential to grasp the distinction between gross income and total income. Here, we offer a brief overview of your gross income and taxable income ...

The new income tax law, which will replace the six-decade-old Income Tax Act, is expected to be introduced in the Lok Sabha next week, according to Finance Minister Nirmala Sitharaman's statement on ...

The government is considering raising the standard deduction and adjusting income tax slabs in the upcoming ... seen to be crucial in a country like India where individuals, barring those in ...