Income tax payers are often advised to take the help of tax experts before opting for one of the two options available. It is ...

The Income Tax Act, 1961, the cornerstone of India’s direct taxation system, is also under review by the government as part ...

In the GST regime, compensation cess at varied rates is levied on luxury, sin and demerit goods over and above the 28 per ...

7% of Income tax where total income is more than ₹1 crore 12% of Income tax where total income is more than ₹10 crores ...

The option of choosing any tax regime while filing ITR is available if tax return is filed before expiry of ITR filing deadline. Income tax slabs under old tax regime The age of the individual will ...

Under Section 10(17A) of the Income Tax Act, 1961, any payment, whether in cash or kind, made as an award or reward in the ...

Nirmala Sitharaman, already unpopular for the high rate of taxation in India, became the target of memes after Gukesh's World ...

"A Hindu Undivided Family is a popular mechanism for tax planning, offering benefits like slab rate taxation and additional ...

The Union Budget 2024-25 introduced significant changes to India’s personal income tax system, focusing on tax simplification ...

India’s taxation rules on prize money are clear: winnings fall under “Income from Other Sources,” taxed at a flat 30%. Add a ...

The New Tax regime was introduced in the 2020 budget that provides an option to pay lesser tax while does not offer certain tax deductions that were present in the Old Tax regime. Taxpayers can choose ...

Trump economic adviser Steven Moore floats raising the cap — put in place, in the first place, in the first year of Trump’s ...