Introduction: The Budget, 2024 has introduced significant changes to individual income tax slabs, making the new tax regime more appealing. While the new regime offers fewer deductions and exemptions, ...

Old Tax Regime slabs vs New Tax Regime slabs for senior citizens: Income Tax return filing is a mandatory exercise for all Indian citizens, salaried, non-salaried, senior citizens. According to ...

As the government’s revenue from personal income tax rises, it will likely face greater scrutiny and higher taxpayer expectations regarding the tax system's efficiency, transparency, stability, and ...

Restoring the 30 per cent cap on the highest tax slab would encourage more individuals to report their income accurately ...

The Finance Ministry has established 22 specialised sub-committees to examine various aspects of the Income Tax Act, with an ...

So what do the Indian taxpayers wish for in 2023 ... but the bill proposes a new 35 percent tax slab for people with income exceeding Rs 10 crore per annum. The Finance Ministry may table the ...

February 2025 is poised to usher in a new era of tax simplicity in India, as the upcoming Union Budget 2025-26 aims to reform ...

Between 2014 and 2024, India witnessed a significant rise in income tax returns, increasing by 120%. The growth, particularly ...

This is faster than the 12.8% growth rate assumed in the full-year budget presented in July, which gives comfort to ...

In India, certain gifts are subject to taxation under specific circumstances. Understanding these rules is crucial to avoid ...