The government’s latest tax overhaul of income tax slabs in Budget 2025 is aimed at introducing a more streamlined tax system ...

LIVE: During the Union Budget 2025 announcements, Finance Minister Nirmala Sitharaman said that under the new tax slabs, over ...

The government has also raised the TCS exemption limit on Liberalised Remittance Scheme (LRS) transactions from Rs 7 lakh to ...

Finance Minister Nirmala Sitharaman has proposed to add more sugar to the New Tax Regime. As per the tax rates proposed by the Union Budget 2025, there would not be any tax on income up to Rs 12 lakh ...

The Union Budget 2025-26 has delivered the largest tax exemption hike in two decades, allowing individuals earning up to Rs 12 lakh annually to pay zero income tax under the new regime. This move aims ...

Finance minister Nirmala Sitharaman presents the Union Budget 2025-26, balancing taxpayer generosity and fiscal prudence. By ...

How will your tax be calculated? If your salary is more than Rs 12 lakh then how much tax? If salary is more than 12 lakh ...

In the Finance Act, 2020 a new Section 115BAC was inserted as part of the Income Tax Act, 1961 (the Act) with a view to ...

In a post-Budget interview exclusively to PTI, Agrawal said the government's and the Income-Tax Department's philosophy and approach is to ensure a 'non-intrusive' tax administration in the country ...

Consultants can deduct business-related expenses from gross receipts or opt for a simpler presumptive tax scheme. Meanwhile, ...

The income tax reforms introduced in the budget are among the biggest in the last decade — simplified and rationalised to put more money in people's hands without compromising the fiscal deficit.

In a big relief for the middle class, Union Finance Minister Nirmala Sitharaman said those earning an annual income of up to ...