Finance Minister Nirmala Sitharaman during her Budget 2025 speech on February 1, 2025 announced the New Income Tax Bill that ...

Definition: Net National Income is Gross National Income or Gross National Product less depreciation. Description: Gross National Product (GNP) is Gross Domestic Product (GDP) plus net factor income ...

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 ...