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 ...

Finance Minister Sitharaman revamped the income tax slabs in Budget 2024, enabling savings of up to ₹17,500. The standard ...

In Budget 2024, Finance Minister Sitharaman introduced key changes to the income tax slabs under the new tax regime to make them more attractive for taxpayers. Along with adjustments in the tax slabs, ...

Tax saver deposits, popular for Section 80C deductions, face challenges due to their 5-year lock-in period, lackluster ...

Choosing between the New and Old Tax Regime depends on an individual’s financial profile. The New Tax Regime is more suitable ...

The year 2024 has brought in significant changes to India's personal income tax structure, with multiple reforms announced in ...

In July this year, many new income tax rules were introduced in the Union Budget 2024. These changes have come into effect ...

The last Union Budget did not make changes to the old tax regime but introduced modifications to the new tax regime to make it more appealing.