A majority of individual taxpayers want finance minister Nirmala Sitharaman to ease taxes in the budget. It’s a worthy idea.

According to the report, the government is considering two options: Making annual income up to Rs 10 lakh tax-free or introducing a new 25 per cent tax bracket for income between Rs 15 lakh and Rs 20 ...

Under the new tax regime, income up to ₹7.75 lakh is currently tax-free. Raising this limit to ₹10 lakh would provide ...

A tax rebate is available on income up to Rs 7 lakh under the new tax regime and up to Rs 5 lakh under the old regime ...

The survey said although 72 percent of individual taxpayers have opted for a new income tax regime, a majority (63 percent) ...

BankBazaar CEO Adhil Shetty recently proposed key tax reforms, including raising the highest tax slab to Rs 18 lakh, ...

Experts demand 87A tax rebate increase, accessible home loans, income tax slabs linked with inflation and others from the FM.

The income tax system in India operates through a progressive slab structure. The amount of tax an individual pays is ...

With the overhaul of the existing Income-tax laws on the anvil, the focus in the upcoming Budget is more likely to be on ...

GTRI recommends raising the income tax exemption threshold to Rs 5.7 lakh to match inflation and simplify the TDS system.

GTRI recommends increasing the income tax exemption threshold to Rs 5.7 lakh, simplifying the TDS system, and equalizing tax ...