Recognizing the contributions of the middle class and with an objective to eventually phase out the old tax regime, various ...
High-income households and profitable corporations would grow even wealthier under Republican proposals for trillions of ...
Summary: Effective from September 1, 2024, the Budget 2025 amendments introduce block assessment procedures for search cases under Sections 158B to 158BI of the Act. A block period now includes six ...
The Budget 2025 introduces significant reforms in personal income tax, aimed at providing relief to middle-class taxpayers ...
Stay tuned for live updates as FM Sitharaman presents her eighth Union Budget 2025. Follow our live coverage for all the ...
Apart from tax relief provisions, the bill may introduce several structural and linguistic reforms. Such as replacing the term “Assessment Year” with “Tax Year”, eliminating British era references ...
Income Tax Slabs FY 2025-25 New versus Old Income Tax Regime: Finance Minister Nirmala Sitharaman announced significant ...
The updated slabs show a shift in the tax-free income threshold from Rs 3 lakh to Rs 4 lakh, which is expected to provide significant relief to low-income taxpayers ...
Under the new tax system, middle-class individuals and salaried taxpayers earning up to Rs 12 lakh (or Rs 12.75 lakh for ...
Among the most significant announcements was the introduction of a New Income Tax Bill, set to be tabled this week ...
Union Finance Nirmala Sitharaman while presenting Union Budget 2025-26 said the government will introduce a New Income Tax ...
N18G India’s Finance Minister Nirmala Sitharaman is set to present the Union Budget 2025-26 on February 1, marking her eighth ...
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