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About 6 cr ITRs filed for FY24; 70% under new tax regime
Addressing the post-budget session of PHD Chamber of Commerce and Industry, Malhotra said there wer…
PTI
Confused about the new tax regime? Here's when you should opt for it
The new regime was introduced in budget 2020 to simplify taxation, and offer lower rates of taxes c…
All you need to know about the new tax regime
The new tax regime was introduced in Budget 2020 as a means to simplify tax calculations and offer …
Budget size almost unchanged from interim, shows govt's commitment to fiscal prudence: Experts
According to the Union Budget 2024-25 presented by Finance Minister Nirmala Sitharaman, the total e…
PTI
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…
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…
Taxability of employee benefits may decide which tax regime makes more sense for you
When deciding between the old and the new tax regimes, most of us will consider the most common ded…
Looking to file taxes on your own? Here is what you need to keep in mind
It is that time of the year again – when we have to file our taxes. While we can take the services …
Lok Sabha passes Finance Bill, provision on LTCG tax on property transactions amended
The Finance Bill 2024 was passed by Lok Sabha on Wednesday evening with a few amendments moved by t…
ANI
Union Budget 2024-25 key highlights: Angel tax to be scraped
You can watch the presentation live on the official Youtube channels of the government. After her s…
Modi 3.0 1st Budget: Tax relief for middle class, Rs 2 lakh cr job scheme
With rural distress and unemployment being blamed for BJP losing its majority, Sitharaman in her se…
PTI
Two tax regimes & rise of freelancers drive people to tax experts, chartered accountants
The option of the new and old tax regimes and complex taxation laws require the assistance of exper…
US industry urges FM to rationalise, simplify direct and indirect taxes in India
"Reiterate India's commitment to the global tax deal," it said and urged the Union Finance M…
PTI
New tax regime may not be necessarily beneficial for all taxpayers: Experts
The new tax regime (NTR) will now be considered as a default regime, but it may not necessarily be …
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…
Capital gains in taxation: What are the major factors driving the long-term and short-term capital gains?
Capital investment plays an important role in facilitating economic growth, creating employment…
Budget 2023-24: What the common man wants on the personal tax front
The government may increase the threshold limit for the highest tax rate from ₹10 lakh to ₹20 lakh,…
Union Budget 2023: A look at personal tax proposals
The Economic Survey of 2022-23 expects the Indian economy to grow at 7% for the year ending March 2…
A top tax expert decodes the new Income Tax regime changes announced in the Budget
The current economic situation necessitated bold steps from our Hon’ble Finance Minister (‘FM’) …