According to experts, investors who have invested in debt mutual funds may benefit from some significant tax-saving changes ...

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 ...

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 ...

Delhi, Bihar and the states going to the polls next year have been tough grounds for the BJP, barring Assam where it had two ...

The new income-tax bill will replace the existing six-decade old Income-tax Act. The bill aims to simplify the language and ...

The new income tax law, which will replace the six-decade-old Income Tax Act, is expected to be introduced in the Lok Sabha next week, according to Finance Minister Nirmala Sitharaman's statement on ...

Finance Minister Nirmala Sitharaman to introduce new income tax bill, replacing old I-T Act, after Cabinet approval.

The bill will again go to the Cabinet after the parliamentary committee gives its recommendations on it. After Cabinet ...

The Finance Minister had first announced a comprehensive review of the Income-Tax Act, 1961 in the July 2024 Budget.

After introduction in the Upper House, the bill will be sent to a parliamentary standing committee for scrutiny.

Income tax relief coupled with RBI repo rate cut put together will boost recovery in consumption in the economy, says FM Sitharaman.