The new Income Tax Bill, which is often referred to as the Direct Tax Code, is aimed at overhauling the existing tax structure, making it more streamlined and transparent.

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

Cutting tax rates can promote growth, and conversely raising taxes can hinder it—the intellectual heritage of this line of thought stretches back to an 18th century economist. But this theory ...

Budget 2025 has made income up to ₹12 lakh effectively tax-free under the new tax regime. The Finance Minister increased the ...

Salaried taxpayers often face higher tax deductions at source (TDS) on their salaries despite having paid TDS or tax ...

In her Budget 2025 address, FM Nirmala Sitharaman announced modifications to the new tax regime, such as the exemption of up ...

In pay-out type FD like shown in the above table, no TDS will be deducted as the principal and interest amount will remain ...

Parliament Budget Session Live: Congress MP Manickam Tagore moves adjournment motion in Lok Sabha ...

A notice about serving beef biryani at Aligarh Muslim University’s Sir Shah Sulaiman Hall caused outrage among students, ...

The Philadelphia Eagles won the Super Bowl 2025 after a performance in a 40-22 win over Kansas City Chiefs, with the victory ...

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 ...