Taxpayers are keenly awaiting possible reductions in tax rates and increased exemption limits, amid ongoing high inflation ...

Budget 2025 is anticipated to provide tax relief for salaried individuals. Proposals include raising the tax-free income limit to ₹10 lakh and simplifying tax slabs to enhance disposable incomes.

The Union Budget 2025 presents an opportunity for the government to implement reforms that address the complexities of ...

In this write-up, we will analyze which tax regime — old or new — is more advantageous for individuals with an annual income of up to ₹15 lakh. For this comparison, we will assume the taxpayer is ...

Senate Finance Committee members will introduce legislation to stop companies from deducting or claiming credits on taxes paid to Russia.

Finance Minister Nirmala Sitharaman is reportedly going to announce a new bill introducing a new income tax system to simplify tax laws during the Budget Session, which starts tomorrow. But what do we ...

Long-term Capital Gains (LTCG): 10% tax on profits exceeding ₹1 lakh from equities held over a year. Equity Intraday: 0.025% on the sell side. Equity Options: 0.017% on the sell side (premium).

The call for a rational income tax regime in India grows as the tax base remains narrow, with heavy reliance on the already taxed consuming classes.

The government might extend the tax exemption for individual contributions to NPS under the new tax regime, along with several other projected deductions.

Anyone earning Rs 2.5 lakh or more in India must file an ITR. This rule applies to everyone, not just high-income earners.

Tax planning done right can reduce your tax liability by up to 26%. Most people don’t know about the tax-saving opportunities they can use. A tax planner India helps you tap into these savings. The ...

Union Budget could simplify the tax regime, focusing on areas like better taxpayer experience, tangible benefits from taxes, ...