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 ...

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 ...

Indian finance and taxation systems have undergone ... Finance Minister Nirmala Sitharaman maintained the status quo on income tax slab rates, leaving them unchanged for the financial year 2024-25 ...

there are two sets of income tax slabs applicable in India: the new regime and the old regime. Below is a comparison of the income tax slabs for both regimes, including answers to the common doubt ...

In July this year, the entire capital gains tax rate structure was revamped. From the rate of tax to the exemption limit, the ...

The tax system in India added a new tax regime in ... regimes is crucial to accurately calculating an income tax return and determining your slab. This guide focuses on decoding the basic ...

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