During the course of numerous amendments to the Income tax Act, 1961, several policy decisions were incorporated as separate ...

Ans: As noted above, the total words in the new Income Tax Bill, 2025 are around 2.6 lakhs, as against 5.12 lakh words in the ...

Income is all the money you bring in. This includes salaries, wages, dividends, and other sources of cash inflow. Spending is an outflow of cash and typically where the bulk of income goes.

Smaller Indian cities, fueled by online access, drive a surge in luxury shopping among rising-income professionals, shifting the market from metros. Indians are significantly increasing their ...

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 ...