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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…
Sensex, Nifty tumble after FM hikes STT on F&O
The NSE Nifty also ticked higher as the finance minister began the presentation of her 7th Unio…
PTI
Interim Budget 2024: FY25 capex hiked 11%; no change in tax slab, says FM Sitharaman
Finance Minister Nirmala Sitharaman is presenting the Interim Budget 2024-25 at Parliament on Thurs…
Govt hikes windfall profit tax on crude oil, cuts levy on diesel exports
The government on Tuesday increased the windfall profit tax on crude oil produced in the country an…
PTI
Income tax bonanza, capex push emerge as the stars of Budget 2023-24
An upward revision in income tax slabs and a continued push on capital expenditure investments emer…
FM plays Santa: Zero tax on income upto ₹7 lakh under the new regime
Tax saved by individuals in higher income brackets will result in the amount getting channelised in…
GST Council may consider merging the 12% and 18% tax slab in the next meeting, says Finance Minister Nirmala Sitharaman
The Goods and Services Tax (GST) Council may choose to consider the proposal to reduce the number o…
Budget expectations 2022: Here’s why income tax slabs may not change this year
Despite the COVID-19 pandemic forcing people to travel less and work from home more, resulting i…
No tax proposed on annual income up to ₹500,000
The middle-class in India has been hit hard by several indirect taxes, rising prices, and income ha…
Budget 2022: Expectations for hike in tax deduction on home loans
The 66 per cent young population - below 35 years of age, are emerging as young millennial borro…
Have a home loan? You may want to opt for the old tax regime
Home loan holders may be able to save more money on taxes under the old tax regime by claiming maxi…
Presumptive taxation: The scheme that eases burden on small businesses
Running a small business or a professional service can often involve a single person or a few peopl…
Budget 2021: From Income Tax deductions to creating jobs and boosting healthcare – Here’s all that could be in Nirmala Sitharaman’s fiscal plans
India’s Finance Minister Nirmala Sitharaman is set to announce the annual budget on February 1, 202…
Senate Democrats unveil plan to hit 700 billionaires like Elon Musk and Jeff Bezos with major tax hikes
Tesla CEO Elon Musk would owe up to $50 billion in taxes under the Democratic plan. Amazon founder …
Joseph Zeballos-Roig
Meet the typical Hong Kong millennial: They're supporting their parents, can't afford to buy homes, and have zero interest in moving to mainland China
Millennials are the last generation born before the July 1, 1997, handover of Hong Kong from the Un…
Faye Bradley
Republicans and Democrats are feuding over who's bearing the brunt of tax hikes. Sinema's make-or-break vote on Biden's big bill hangs in the balance.
Republicans are pummeling Dems for seeking corporate tax hikes they argue will get passed onto Amer…
Joseph Zeballos-Roig
Income tax changes: More savings on home loans and more tax on the super rich
During the interim budget, the Indian government already extended the non-taxable slab upwards of…
Govt announces hike in basic customs duty on silver to 10% to check imports
The government on Wednesday announced increasing the basic customs duty on silver, both in dore and…
PTI
Two-thirds taxpayers likely to shift to new regime in 2023-24 itself: CBDT chief
The income tax rebate limit available for salaried and individual taxpayers under the new income ta…
ANI
Tax hit on debt funds is just the latest punch to reeling mutual fund companies
The latest hurdle that shook the mutual fund companies was an amendment in the Finance Bill that pr…