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6 mins read
Budget 2024-25: New tax regime sweetened by FM, hikes standard deduction to Rs 75,000
More than two-thirds of taxpayers have availed of the new Income Tax regime, as per Nirmala Sithar…
1 min read
Crorepatis rising: Here’s how the income of Indian tax filers has changed in one year
Here’s how much income Indians have earned in FY23 as per the Income Tax Department.
4 mins read
Budget Expectations: Time to revise tax slabs and deduction limits for personal tax payers
It is that time of the year again. Finance minister Nirmala Sitharaman is all set to deliver the bu…
2 mins read
Comprehensive review of the IT Act imminent in 6 months, notes revenue secretary
Malhotra explained the government's rationale behind this proviso, noting that buyback does not f…
4 mins read
India’s Income Tax Burden: Mere 0.3% of adult population account for 76% of total personal IT receipts
Data shows that currently India has 66.5 million individuals who pay personal income tax, which is …
2 mins read
Revamped income tax portal: Five new features we like the most
The new and revamped income tax portal is here and a visit shows a completely new look design which…
3 mins read
Here’s why there is less adoption of the new tax regime and how budget 2022 can make it more attractive
In last year’s union budget, India’s finance minister Nirmala Sitharaman had announced a new tax re…
1 min read
Direct tax collections surge 35% but fall short of estimates
Gross direct tax collections stood at Rs 6.48 lakh crore till September 8, which is 35.46 per cent …
2 mins read
FM Nirmala Sithraman keeps tax slabs unchanged
As expected and in relief for the citizens, the central government neither tweaked nor put any addi…
ANI
What did the Budget 2021 have in store for tax payers?
What did the Budget 2021 have in store for tax payers?
1 min read
Warren Buffett's Berkshire Hathaway looks likely to be a top payer of Biden's new corporate tax, study finds
Biden's 15% minimum corporate tax means Berkshire Hathaway would've paid $8.3 billion, based on the…
Zahra Tayeb
3 mins read
Tax man introduces ITR 1 and ITR 4 forms – Here’s what it means
The Central Board of Direct Taxes (CBDT) has revealed the Income Tax Return (ITR) Forms 1 and 4 for…
1 min read
Clarification on income tax payable by Indians employed in other countries
Finance minister Nirmala Sitharaman in her Budget for 2020-21 had proposed to tax Non-resident In…
5 mins read
Checkout Income Tax slab post Budget 2020
The new tax slabs increase the minimum taxable lim…
6 mins read
Current Income Tax Slab For 2019-20 (Income Tax Brackets In 2019-20)
For earnings up to 5 lakhs in a year, no income tax is applicable. The exemption allowed on …
1 min read
Deadline for PAN-Aadhaar linkage extended till March 2022
The earlier deadline was till September 30. Accordingly, the decision came as a relief measur…
2 mins read
India already has 7.5 million new tax filers, but it’s aiming for 12.5 million by the end of this financial year
Just because you file an income tax return, doesn’t necessarily mean that you’re a new taxpa…
4 mins read
Employer-based health insurance was a failure during the pandemic. Here's how single-payer healthcare could do better.
Nearly 20% of the United States' annual GDP is tied up in healthcare costs, yet approximately 30 mi…
Paul Constant
3 mins read
New income tax slabs 2020, income up to ₹5 lakh exempt
New tax slabs have been proposed by the Direct Tax Code panel to boost consumption and investment. …
3 mins read
The IRS could recover $12 for every $1 spent on scrutinizing the ultra-wealthy's taxes
America's highest earners are pretty adept at not paying the taxes they owe. Scrutinizing them coul…