Budget 2025 aims to unlock India's potential for development by 2047, with reforms for ease of doing business and tax ...

Budget 2025 has brought about changes to Ulips, tax on NPS Vatsalaya and for filing of updated income tax returns. Read our ...

These rates apply to your taxable income. Your taxable income is your income after various deductions, credits, and exemptions have been applied. There are also various tax credits, deductions and ...

As the saying goes, “A nation’s wealth lies in the health of its people.” It’s time for Sri Lanka to prioritise this wealth, ensuring that every citizen benefits from a healthier, more secure future.

A key point of contention was the society’s claim for deduction under Section 80P(2)(a)(i) of the Income Tax Act, 1961, for interest income received from various banks, including nationalized banks.

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: ...

The income tax department has launched a simple tool to help taxpayers compare taxes under the New Tax Regime for FY 2024-25 ...

India's tax policy has evolved significantly since the 1970s, when Prime Minister Indira Gandhi's government imposed a 97.5% ...

PPF is one of the most popular long-term saving schemes. The tenure is 15 years, with an option to extend in 5-year blocks.

Introduced in 2020, the new tax regime became a default regime in 2023. To be able to file tax return under the old tax ...

India’s tax system saw important updates, making the new tax regime the default for most taxpayers. While it offers lower tax rates, it removes many traditional exemptions.

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 ...