The new Income Tax Bill 2025 consolidates salary provisions for clarity, incorporating previous deductions into the salary ...

Explore overview of Income Tax Bill 2025, major tax reform simplifies laws, enhances compliance, & introduces digital ...

Freebies, barter deals, and social media earnings will no longer go unnoticed, and influencers will be required to disclose ...

This year will be a pivotal year for tax policy and will have far-reaching consequences for our economy and democracy. It is important that the people understand what is at stake. This Tax Justice and ...

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 ...

Is there a lousier system for collecting government revenue than the one we have now? None that we can think of. Read Full Article » ...

FreshSplash / Getty Images Ordinary income is income earned by an entity or an individual that is taxable at marginal tax rates. It can include wages, salaries, tips, bonuses, commissions ...

Union Budget 2025: Last year, Sitharaman in her budget speech proposed a new tax structure under the new income tax regime. Finance minister Nirmala Sitharaman will present the Union Budget on ...

Image Source : PTI/FILE PHOTO Union Minister for Finance and Corporate Affairs Nirmala Sitharaman chairs the eighth pre-Budget consultation with the stakeholders and representatives from the trade ...

Tax Exemption not available to the Electoral Trust if the above mandate is violated,” said the Income Tax Department. Amount borrowed or repaid on hundi (section 69D) Where any amount is borrowed on a ...

India's tax system provides flexibility to its taxpayers by offering two income tax regimes: the old regime and the new regime. Each regime comes with its own set of tax slabs, rules, and benefits, ...

See how much tax your income is subject to in 2025. Many, or all, of the products featured on this page are from our advertising partners who compensate us when you take certain actions on our ...