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 ...

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 ...

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 ...

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

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

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