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, ...

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 ...

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

Dharmendra Pradhan said India is set to become the third largest economy in the world in the next three to four years Union ...

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 ...

One option is to ensure only 5 per cent tax on income falling in the Rs 3 lakh-10 lakh tax slab, with the possibility of ...

The new income tax regime’s revised tax slabs introduce rates ranging from 5% to 30%, with incremental increases across ...

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

Tips and Tricks - Fixed Deposits (FDs) are a well-known savings tool in India, offering a fixed interest rate and lower ...

Though several developed economies suffered badly due to the Covid crisis, India continued to grow at 7 to 8 per cent during ...