Over 8 crore ITRs have been filed for FY24, with 74% of taxpayers opting for the new tax regime. Learn more about the new tax ...

India's middle class, earning below Rs 20 lakh, is experiencing a reduced tax burden under the Modi government. Conversely, ...

In the old tax system, the Income Tax Department offered tax benefits on home loans under the Income Tax Act of 1961. But ...

Introduction: The Budget, 2024 has introduced significant changes to individual income tax slabs, making the new tax regime more appealing. While the new regime offers fewer deductions and exemptions, ...

As the government’s revenue from personal income tax rises, it will likely face greater scrutiny and higher taxpayer expectations regarding the tax system's efficiency, transparency, stability, and ...

There has been a significant increase in income tax compliance in the country with more than five-fold growth in the Rs 50 ...

PTI's parliamentary leader, Ali Imtiaz Warraich, expressed concerns about the impact of the bill on the already struggling ...

On Wednesday 30 October 2024, the UK government announced changes to the UK taxation of carried interest as part of the 2024 ...

President Ferdinand Marcos Jr. on Monday signed a new law that streamlines tax incentives for businesses in the Philippines, ...

Senate President Francis Escudero said the soon-to-be-enacted Corporate Recovery and Tax Incentives for Enterprises to ...

The clarification comes as the corporate tax collection growth stood lower than PIT in the current fiscal as reflected in the ...

In India, certain gifts are subject to taxation under specific circumstances. Understanding these rules is crucial to avoid ...