Taxpayers are keenly awaiting possible reductions in tax rates and increased exemption limits, amid ongoing high inflation and shifting consumption trends ...

Budget 2025 is anticipated to provide tax relief for salaried individuals. Proposals include raising the tax-free income limit to ₹10 lakh and simplifying tax slabs to enhance disposable incomes.

The Union Budget 2025 presents an opportunity for the government to implement reforms that address the complexities of ...

In this write-up, we will analyze which tax regime — old or new — is more advantageous for individuals with an annual income of up to ₹15 lakh. For this comparison, we will assume the taxpayer is ...

Senate Finance Committee members will introduce legislation to stop companies from deducting or claiming credits on taxes paid to Russia.

Finance Minister Nirmala Sitharaman is reportedly going to announce a new bill introducing a new income tax system to simplify tax laws during the Budget Session, which starts tomorrow. But what do we ...

The call for a rational income tax regime in India grows as the tax base remains narrow, with heavy reliance on the already taxed consuming classes.

The government might extend the tax exemption for individual contributions to NPS under the new tax regime, along with several other projected deductions.

While the abolition of the Dividend Distribution Tax (DDT) in FY 2020-21 was a step towards aligning with global best practices, the current framework has led to the issue of double taxation; here are ...

Budget 2025 is around the corner, and taxpayers are eagerly waiting for potential income tax changes! Should you stick to the old tax regime with deductions or switch to the new simplified structure?

The Government's endeavour has been to promote the new tax regime, and personal tax changes in the last few Budgets have been ...

With eyes on the middle class, Union Finance Minister Nirmala Sitharaman is expected to tweak the income tax structure and ...