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

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

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

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 ...

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 ...

The Union Budget 2025-26 introduces several amendments to indirect taxes, covering GST and customs. In GST, changes include allowing Input Service Distributors to distribute input tax credit for inter ...

Summary: The Finance Bill 2025 presents significant updates in both direct and indirect taxes aimed at improving business ease, reducing litigation, and widening the tax base. Direct tax proposals ...