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 ...

Finance Minister Nirmala Sitharaman, while presenting the Union Budget 2025 on February 1, announced that she will table the ...

The Union Cabinet approved the new Income Tax Bill on Friday, which is poised to replace the existing Income Tax Act of 1961.

Proceedings for adjustment of refund to outstanding demand u/s 245 (1) of the Income tax Act, 1961 are pending. Proceedings ...

The Income Tax Department of India has introduced an innovative feature on its e-Filing portal called “Request for Order Giving Effect”. This new functionality allows taxpayers to submit requests ...

The Union Cabinet chaired by Prime Minister Modi, is expected to greenlight the new income tax bill during its meeting on ...

The Income Tax Act, which has been in force in India since 1961, is now on the threshold of change. The government has ...

The Government of India levies tax upon the income of salaried and self-employed citizens of all age groups. Once you figure out which tax slab you fall under as per your tax regime, it becomes easier ...

While a majority of the middle class is said to benefit out of the new tax regime, it takes away all the exemptions on ...

There will be zero income tax up to an annual income of ₹12 Lakh under the new tax regime, FM Sitharaman has announced.

In addition to tax cuts, there is a desire for simplification of the tax filing process. Taxpayers have been requesting ...

Tax planning done right can reduce your tax liability by up to 26%. Most people don’t know about the tax-saving opportunities they can use. A tax planner India helps you tap into these savings. The ...