Tax on subsequent amount of 4 lakh (from 4 lakh to 8 lakh) Rs 20,000 (being 5% of Rs 4 lakh) Tax on subsequent amount of 4 lakh (from 8 lakh to 12 lakh) Rs 40,000/- (being 10% of Rs 4 lakh) Tax on ...

Taxpayers must compare deductions under the old regime versus the new lower rates to determine the most beneficial option. New vs old tax regime: Is it time to switch to the new income tax regime ...

Understand the updated tax rates for mutual fund investments under the Finance Bill 2025. Explore the tax implications for ...

Tax experts explain how the new income tax changes impact taxpayers across income levels, from Rs 6 lakh to Rs 1 crore, after ...

Income Tax Budget 2025 LIVE: According to the Budget 2025 announcement, the government proposed to increase the threshold for TCS under the Reserve Bank of India's (RBI) Liberalized Remittance ...

Inflation affects everyone, including the economy and taxes. India's Income Tax Act has provisions to adjust tax liabilities for inflation. These adjustments ensure taxpayers aren't burdened with ...

Income tax is charged on most types of income but tax allowances protect some from the taxman. As the end of the tax year, which falls on April 5, nears, we look at the income tax rates and tax ...

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 ...

– If you sell stocks or equity mutual funds after holding them for more than 1 year, any profit is called long-term capital gain. – Tax Rate: 12.5% on profits above ₹1.25 lakh in a financial year (the ...

Budget 2025 increases rebate, no tax liability up to ₹12 lakh; answers on rebate, exemptions, deductions in income tax.

Apart from lower EMIs for existing borrowers, the RBI rate cut will also make home loan, auto loan and personal loan cheaper ...