Sitharaman announced a new fund for startups and said the government will provide more money to promote innovation in ...

Budget 2025 income tax expectations: Most personal tax experts are of the view that the government will phase out the old income tax regime in the coming years. However, they are divided on how soon.

India's fiscal consolidation efforts remain on course despite recent income tax cuts, according to S&P Global Ratings.Finance ...

With the proposed changes, NPTR will now become far more appealing for individuals as it would mean availing beneficial tax ...

10 lakh per annum—India's per capita income is just around Rs. 2 lakh—and individuals earning up to Rs. 7 lakh are not required to pay income tax under the new tax regime. As many as 90% of ...

The minimum salary to pay income tax in India is ₹2.5 lakhs for individuals below 60 years under the old tax regime. Under the new tax regime, the minimum taxable income is ₹3 lakhs. TDS (Tax Deducted ...

EY India A salaried individual earning Rs 12.75 lakh used to pay Rs 95,000 in income tax under the current new tax regime. However, with the new proposal for the financial year 2025-26, they will not ...

Also, allowances and perquisites paid by the Government of India to a citizen of India, while rendering services outside of India, are exempt from the scope of Income Tax. The amount received in ...

the income tax amount with which the specified fund or FII would ... NIL NIL NIL DTAA stands for Double Taxation Avoidance Agreement signed by the government of India with the contracting state. 12 ...

Will Budget 2025 merge India's income tax regimes? Former finance secretary Subhash Garg advocates for a unified system to ...

Less: Exemptions on Salary income (other than HRA) which are not allowed under New Regime (e.g. Leave travel allowance, Education allowance, Hostel allowance etc.) Less: Exemptions on Salary ...