It is added that since the total income is less than ₹50 lakh, there is no liability to pay surcharge ... she will not be liable to tax under the new tax regime. Under the old tax regime ...

Finance Bill 2025 introduces tweaks to personal income tax structure, including marginal relief for those earning slightly ...

It simplies the country’s income tax law to make it easier to grasp, enhance compliance and reduce litigation. While it makes ...

There is no change in old tax regime. All the benefits like HRA, Housing Loan, Insurance Premium, etc., are still available.

He speaks about the new tax regime, complex provisions that exist in the law and his expectations from the new Income Tax Law ...

Central Board of Direct Taxes expects the Institute of Chartered Accountants of India to go through the bill ...

The government increased the tax exemption limit to Rs 12 lakh and revised rates lower under the New Tax regime in the Budget ...

The Income Tax Department has introduced an online calculator for taxpayers to compare their potential savings under the newly default New Tax Regime, effective April 2025. The initiative aims to ...

From FY20 to FY24, the revenue forgone due to tax incentives for individuals and Hindu undivided families stood at Rs 8.7 ...

Among the key changes announced was the introduction of a provision under which individuals with a taxable income of up to Rs ...

Zero tax: Last week, Finance Minister Nirmala ... to Rs 12 lakh would now be exempt from paying any taxes under the new tax regime, thanks to an increase in the Section 87A rebate to Rs 60,000.

Founder of United Nigeria Airlines, Prof. Obiora Okonkwo,as again bemoaned the era of multiple charges, describing it as an albatross ...