Explainer: How India's tax rate tweaks will boost middle class spending
The Indian government on Saturday announced the biggest tax relief in at least a decade to boost consumer demand to revive ...
Union Budget 2025: No income tax up to Rs 12 lakh
With a focus on the middle class and easing compliance, Union Finance Minister Nirmala Sitharaman proposed in Budget 2025-26 ...
India’s tax laws set for a revamp: What is the new Income Tax Bill? How will it affect you?
Finance Minister Nirmala Sitharaman is set to introduce a new Income Tax Bill aimed at simplifying the six-decade-old tax ...
Income Tax Department Revokes Non-Profit Status Of The Reporter's Collective | Details
The Income Tax Department has revoked The Reporter's Collective's non-profit status. As per the IT department, TRC's ...
Budget 2025: Tax wheels on office cars
Tax implications for using a company-provided car depend on whether it is used for official or personal purposes. Personal ...
Updated tax returns: Budget 2025 offers a wider window to report omitted income
India's finance ministry has proposed extending the deadline for updated tax returns from two to four years to encourage ...
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India's New Tax Code: Simplification on the Horizon
An internal committee of India's Income Tax Department, guided by suggestions for simplification and structural improvement, is paving the way for a new tax law. The proposed changes, inspired by ...
Rs 1 lakh cr tax relief to taxpayers: Here's the income tax benefit at different income levels announced in Budget 2025
The finance minister has announced an increase in the tax rebate under Section 87A to Rs 60,000 from Rs 25,000 under new tax ...
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Income Tax Budget 2025 Highlights: Who is likely to benefit most from FM Nirmala Sitharaman's tax slab change?
This is aimed at reducing the tax burden for frequent international transactions from abroad to India. Income Tax Budget ... by the insurance intermediary office located in IFSC.
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Filing tax returns in India: Issues to keep in mind
Question: I have earned some income in India that will require me to file a tax return. I am worried that once I do so, I ...
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Income Tax Slabs Budget 2025 Highlights: How much income tax will middle class taxpayers save? FM Sitharaman's big tax announcements decoded
India is one of the jurisdictions implementing Automatic Exchange of Information. 13:48 (IST) Feb 02 Income Tax Slabs ... about Rs 14 lakh a year? The tax department could then take away Rs ...
90 per cent taxpayers likely to shift to new regime after Budget tax relief, says CBDT chief
Ravi Agrawal says simplified tax slabs and zero tax on income up to ₹12 lakh will push more taxpayers to adopt the new regime ...