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

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

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 ...

Going into Budget 2025, tax payers and investors are keen on many structural changes that may be announced. The previous ...

The new tax regime for individuals could be modified and the government is examining possibility of reducing tax rates for ...

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

AMFI: As the budget day nears, industry players and investors are expecting some relief in the tax proposals on debt funds.

As the country keenly awaits February 1st, the most treaded class in the economy, the middle class is waiting for the ...

The upcoming budget may focus on the new income tax regime yet again to increase its appeal compared to the old tax regime.

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