Tax on subsequent amount of 4 lakh (from 4 lakh to 8 lakh) Rs 20,000 (being 5% of Rs 4 lakh) Tax on subsequent amount of 4 lakh (from 8 lakh to 12 lakh) Rs 40,000/- (being 10% of Rs 4 lakh) Tax on ...

New Income Tax Bill: The Union Cabinet has approved the New Income Tax Bill, which aims to replace the 1961 Act by simplifying direct tax legislation. This proposed bill, featuring clearer ...

Days after the Centre provided income tax relief to the middle class ... Total toll collection in India - which has the second largest road network and its National Highways span a total length ...

Income Tax Budget 2025 LIVE: According to the Budget 2025 announcement, the government proposed to increase the threshold for TCS under the Reserve Bank of India's (RBI) Liberalized Remittance ...

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 ...

Finance Minister Nirmala Sitharaman, in her Union Budget 2025 speech, unveiled a transformative tax reform—India will ...

Prime Minister Narendra Modi on Thursday launched a scathing attack on the Congress in the Rajya Sabha, accusing the party of ...

India’s personal income tax system has undergone substantial revisions with the Union Budget announced on February 1, 2025. These changes only impact taxpayers opting for the new tax regime. We ...

M uch of the euphoria around the 2025-26 budget has to do with income tax. The government has , through a rebate and a ...

25% slab introduced for high earners and tax relief up to 30.8% for middle-income group. Read this table to see how much tax you can save at different income levels ranging from Rs 9 lakh to Rs 2.4 ...

Declaring major changes in the income tax slabs, Sitharaman said that no income tax would ... President Droupadi Murmu linked the economic progress of India with the “aspirations of the middle class ...