The new income tax bill, which replaces the Income Tax Act of 1961, will be presented in Parliament during the ongoing Budget...
“Some provisions have been proposed that will allow the government to modify the limits or amounts of deductions/rebates through executive orders only,”...
Income Tax: The government provides a Rs 75,000 standard deduction in the new tax regime benefiting salaried individuals and pensioner by simplifying...
Renting offers flexibility, lower costs, and tax benefits. Buying builds an asset with home loan tax benefits but has high initial costs...
It is important to know that the income above Rs 12 lakh is tax free due to the rebate under Section 87A...
Finance Minister Nirmala Sitharaman will present the Union Budget 2025-26. Key demands include tax relaxation, real estate incentives, healthcare cost cuts, startup...
The new Budget will come on the back of the government again overachieving its gross fiscal deficit target in FY25 at 4.7...
ITR Scrutiny: The Income Tax Department trusts you completely. Whatever you file under ITR, it accepts it as true. It may sound...
Income Tax Calendar 2025: Taxpayers are advised to adhere to these deadlines to avoid penalties or interest charges. Income Tax Calendar 2025: As...
The Budget could consider reducing marginal tax rates for personal income up to Rs 20 lakh per annum. New Delhi: The Confederation of...