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

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

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

Recognizing the contributions of the middle class and with an objective to eventually phase out the old tax regime, various ...

Introduced in 2020, the new tax regime became a default regime in 2023. To be able to file tax return under the old tax ...

Now, direct-to-consumer packages worth less than $800 will be subjected to CBP’s “formal entry” process, meaning that they’ll ...

India’s tax system saw important updates, making the new tax regime the default for most taxpayers. While it offers lower tax rates, it removes many traditional exemptions.

The Government of India levies tax upon the income of salaried and self-employed citizens of all age groups. Once you figure out which tax slab you fall under as per your tax regime, it becomes easier ...

Budget 2025 increases rebate, no tax liability up to ₹12 lakh; answers on rebate, exemptions, deductions in income tax.

Among the most significant announcements was the introduction of a New Income Tax Bill, set to be tabled this week ...

A major change introduced in the Finance Bill 2025 is restructuring the New Income Tax regime to provide more take home to salaried employees and encourage them to spend or invest further. The change ...

Mr Wilson was commenting on reports that the government was trying to link passage of the super fund tax bill in the Senate ...