In both tax systems, Section 112A provides a tax exemption for Long Term Capital Gains (LTCG) of up to Rs 1.25 lakh on ...

Finance Minister Nirmala Sitharaman's Budget 2024 modified income tax slabs, favoring the new tax regime. The old regime, ...

India’s government plans to simplify its income tax filing rules to make it less tedious for taxpayers to comply with the law ...

The first slab can be from Rs 4 lakh to Rs 7 lakh instead of Rs 3 lakh to Rs 6 lakh now, and other slabs would get adjusted ...

Income tax payers have a long wishlist, featuring a 30 percent tax slab only for those with incomes over Rs 20 lakh, inclusion of 80C and housing benefits under the new tax regime, and a special ...

As the country moves towards February 1, when Finance Minister Nirmala Sitharaman is expected to submit the Union Budget 2025 ...

Now less than a month is left for the presentation of the General Budget 2025-26. In this budget, the government can offer ...

The tax officials will, of course, have a better understanding of what the revenue implications will be. But let them at ...

Increasing standard deduction would offset the benefits of exemptions available in the old tax regime, and revising tax slabs ...

India should simplify the taxation of charitable trusts and introduce a special tax regime for firms and limited liability partnerships, according to an accountant group.

Budget 2024's revamped tax regime offers simplified slabs, higher deductions, and savings up to Rs 17,500 annually, enhancing flexibility and easing tax compliance for taxpayers.

As per sources, it is said that the Union Budget for the year 2025 will be presented on February 1. Taxpayers are eagerly ...