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 ...
How is Cost Inflation Index used in Income Tax? Long term capital assets are recorded at cost price in books. Despite increasing inflation, they exist at the cost price and cannot be revalued. When ...
The income tax rates for the assessment years (AY) 2025-26 and 2026-27 remain unchanged across categories. Under Section 115BAC, default rates for individuals and Hindu Undivided Families (HUF) ...
The reinstatement of indexation in India’s tax system aims to ensure fair taxation and restore market confidence. It protects ...
Budget 2025 has made no change to the tax rate or holding period for long term capital gains (LTCG) and short term capital ...
The income tax slab of 30% has remained at Rs 15 lakh since 2020. However, the Cost Inflation Index (CII) has increased by 21 ...
Union Budget 2025 LIVE updates: Finance Minister Nirmala Sitharaman, in her eighth consecutive budget in a row, said income ...
India cut personal income tax rates for some individuals in a bid to boost consumption across Asia's third-largest economy, ...
Finance Minister Nirmala Sitharaman proposed alterations to the capital gains tax structure, elevating the short-term capital gains tax rate from 15% to 20% and establishing the long-term capital ...
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