The proposed changes could substantially increase the disposable income available to both middle-class and high-income ...

Tax laws offer plenty of room to reduce the liability of the individual through careful structuring of salary, says Sudhir ...

The Union cabinet approved the income tax bill on 7 February to replace the existing law, and it is expected to be tabled in ...

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 ...

India’s tax system saw important updates, making the new tax regime the default for most taxpayers. While it offers lower tax rates, it removes many traditional exemptions.

Finance Minister Nirmala Sitharaman is set to introduce a new Income Tax Bill aimed at simplifying the six-decade-old tax ...

The new bill, announced by Finance Minister Nirmala Sitharaman in the Union Budget, is expected to be presented in Parliament this week. It was approved by the Union Cabinet on February 7.

The Central Government has made Income up to Rs 12 lakh of normal income tax-free. Capital gains income however falls under the taxable income. Check the latest slabs of income tax and rates under ...

Budget 2025 income tax expectations: Most personal tax experts are of the view that the government will phase out the old income tax regime in the coming years. However, they are divided on how soon.

In contrast, the old income tax regime remained popular with the remaining ... of the rising inflation and costs of living in India. Their expectations from the FM are the following: Increase ...

Modi government slashes income tax for middle classes in India budget - Narendra Modi’s government has presented an annual ...

India’s latest budget introduces one of the most significant tax cuts in decades, boosting disposable income & supporting ...