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 ...

The biggest change is the revised tax slab, which ensures that individuals earning up to Rs 12 lakh annually will not have to pay any income tax ...

The new legislation, which is often referred to as the Direct Tax Code, is aimed at overhauling the existing tax structure, ...

Finance Minister Nirmala Sitharaman has announced important changes for the salaried class in Budget 2025. Under the new tax ...

Input Tax Credit is Not Restricted if the Construction of Premises Satisfies the Functional Utility Test and is Germane to Business In the case of Chief Commissioner of Central Goods and Services Tax ...

Once the new income tax bill, which Union Finance Minister Nirmala Sitharaman had mentioned while delivering the Budget ...

With all eyes on the new Income Tax bill which is slated to be tabled in the Parliament this week. Sources in the know of the ...

The Union Cabinet, chaired by Prime Minister Narendra Modi, approved the New Income Tax Bill on Friday (7 February), setting ...

India’s personal income tax system has undergone substantial revisions with the Union Budget announced on February 1, 2025. These changes only impact taxpayers opting for the new tax regime. We ...

According to the Income Tax Department, in the new tax regime under section 115BAC(1A), marginal relief is available to resident individuals who have taxable income marginally above Rs 12 lakh.

Budget 2025 prioritises non-inflationary growth through careful fiscal management, with the government's entire borrowing of ...