National Savings Certificate (NSC) and Equity-Linked Savings Scheme (ELSS) not only helped individuals lower their taxes but ...
The proposed changes could substantially increase the disposable income available to both middle-class and high-income ...
This will increase the burden of compliance on the part of the assessees and simultaneously increase the burden of the Income Tax Department also in monitoring the same. Many firms do not have TAN and ...
Introduced in the Union Budget 2020, the new tax regime offers significant reductions in tax rates, but limits the ...
The Budget 2025 brings major tax relief for the middle class, making the new tax regime more attractive. From higher ...
With no tax for income under ₹12 lakh, you have a higher incentive to opt for the new tax regime. This means your incentive ...
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 ...
Many taxpayers preferred the old tax regime because it allowed them to claim deductions for expenses like house rent, home ...
In Budget 2025, the government opted not to modify the existing tax regime or introduce any new deductions. Finance Minister ...