The new bill, announced by Finance Minister Nirmala Sitharaman in the Union Budget, is expected to be presented in Parliament this week. It was approved by the Union Cabinet on February 7.

In her Budget 2025 address, FM Nirmala Sitharaman announced modifications to the new tax regime, such as the exemption of up to Rs 4 lakh from basic tax. The old tax regime was kept unchanged.

Tax laws offer plenty of room to reduce the liability of the individual through careful structuring of salary, says Sudhir ...

The proposed changes could substantially increase the disposable income available to both middle-class and high-income ...

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

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

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.

3. The Petitioner challenges the order dated 23 February 2024, which is signed by Mr Virender Singh, Additional CIT (ITA Cell), CBDT, New Delhi, refusing to condone the delay of about 1585 days in ...

The revised income tax law is expected to be clear, concise, consistent and supplemented with illustrative examples to aid ...

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 ...

The financial landscape is changing, and young Indians are approaching wealth in new ways. Gen Z is rewriting the rules with ...