Whether you are required to file a federal income tax return this year will depend on how much you earned last year, plus a ...
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The government increased the tax exemption limit to Rs 12 lakh and revised rates lower under the New Tax regime in the Budget ...
Tax relief measures and those relating to start-ups, MSMEs and exports in the Budget, and policy rate cut by the RBI, should ...
India follows a progressive tax system, meaning your tax rate increases as your income rises. To simplify, income is divided into different slabs, each attracting a specific tax rate. Here’s how the ...
Perquisites and Profits in Lieu of Salary are important components of taxable income under the Income Tax Act of 1961. These ...
The New Income Tax Bill will not change the existing tax slabs but will replace the present concept of assessment and ...
New Income Tax Bill is expected to come into effect on April 1, 2026. The bill aims to simplify tax laws, remove outdated provisions, and make compliance easier for taxpayers.
FM Sitharaman is set to introduce the Income Tax Bill 2025 today. Find out what's new in the proposed tax system.
The new bill, which aims to simplify the tax language for common people, will replace the Income Tax Act, 1961.
Your take-home pay may have gotten a bump now that the Internal Revenue Service updated the income tax brackets and standard ...
The introduction of the Income Tax Code 2025 marks a significant overhaul of India’s taxation framework, consolidating and amending the previous laws to enhance clarity, ...
Budget 2025 focusses on providing relief to the middle class, while keeping its eye on development. Will it spur demand?
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