Image Source : PIXABAY Some people are confused between the terms tax-free ... income of up to Rs 4 lakh from taxation. This means those earning up to Rs 4 lakh are not required to pay tax or file ...

India's Union Budget 2025-26 introduces several revisions to taxation policies, besides provisions for focus industries and ...

But did you know that for salaried individuals, the tax-free annual income can reach Rs 13.7 lakh, compared to Rs 12 lakh for others! “I am now happy to announce that there will be no income tax ...

To benefit from this revision, individuals must simply file their ITR; no additional formalities are required.

ITAT Delhi remanded the issue back to file of AO to re-compute disallowance under rule 8D (2) (ii) of the Income Tax Act by taking those investment which give rise to exempt income @1% of average ...

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 ...

As India deliberates ... but its tax-free earnings policy makes it an even more attractive destination for individuals. Residents, including expatriates, do not pay personal income tax, giving ...

Summary: The Finance Bill 2025 presents significant updates in both direct and indirect taxes aimed at improving business ease, reducing litigation, and widening the tax base. Direct tax proposals ...

Among the most significant announcements was the introduction of a New Income Tax Bill, set to be tabled this week ...

With the 2025 tax season underway, Free File could be just what you need to get your taxes done early and only for $0.

IRS Free File program at IRS.gov offers free tax software to those with adjusted gross incomes of $84,000 or less. Other free ...