New Income Tax Bill: Select Committee meets in Parliament
The new Income Tax Bill 2025 aims to simplify tax laws, modernize definitions, and clarify taxation policies for individuals, ...
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Income Tax: You will not have to pay even a single rupee tax on income of Rs 17 lakh, taxpayers should know this important thing..
Finance Minister Nirmala Sitharaman gave a big gift to the taxpayers in the Budget 2025-26. Annual income up to Rs 12 lakh ...
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Income Tax Bill 2025: Simplifying Tax Laws for the Digital Era
The Select Committee of the Lok Sabha is reviewing the Income-Tax Bill 2025, led by BJP MP Baijayant Panda. This bill aims to update tax laws with simplified language and modern terminology, covering ...
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Income Tax Rebate: According to the data presented by the government, the government has given a tax exemption of Rs 8.7 lakh crore to individuals and HUF i…
The central government has given a total rebate of Rs 8.7 lakh crore to taxpayers falling in the category of Individuals and ...
GST rates set to drop: FM Nirmala Sitharaman
MUMBAI: On the heels of the income tax cut announced in the Union Budget, finance minister Nirmala Sitharaman on Saturday ...
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Claims that new powers being introduced in new income tax bill incorrect: Sources
Sources in the Central Board of Direct Taxes (CBDT) have sought to clear the air after some concerns were raised that Income ...
India's GDP growth to surpass 6.5% in FY26, driven by Sitharaman's tax cuts: Moody’s
India's real GDP growth is expected to exceed 6.5% in fiscal 2025-26, supported by higher government capex and consumption boost from tax cuts and interest rate reductions. Moody's forecasts a stable ...
Income Tax Calculations: What will be your income tax on incomes of Rs 7 lakh, Rs 14 lakh, Rs 21 lakh, and Rs 28 lakh in old and new tax regime
The financial year 2024-25 is about to close. Taxpayers can file their income tax return as per the existing new tax regime ...
ITR filing 2025: Not Rs 12.75 lakh, this is the tax-free income for AY2025-26; check details
In the AY2025-26, taxpayers should note that the tax rebate was introduced in the new tax regime. Individuals with an income ...
Will Sitharaman's tax relief for middle class dent insurance cos' profits?
The Modi government has announced significant tax cuts in its new budget, focusing on the middle class. Finance Minister ...
New TDS rules from April 1: Higher limit for tax deduction on FD interest, lottery wins; check its impact
From April 1, 2025, the Union Budget 2025 introduces major TDS rule revisions, benefiting senior citizens with higher thresholds and similar benefits for general citizens, lottery winners, insurers, ...