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 ...

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, ...

The scheme aims to invest in arbitrage opportunities between spot and futures prices of traded equities and within ...

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

Restoring the 30 per cent cap on the highest tax slab would encourage more individuals to report their income accurately, ...

Kurian Jose, chief executive of Tata Pension Fund, explains pros and cons of NPS Tier-2 funds for building a retirement ...

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

Check out all the Income Tax Budget 2024 highlights in this article. Don't Miss: Union Budget 2024: Decoding Key Announcements For Women Don't Miss: Budget 2024 Highlights: Key Announcements On Income ...

A major thrust of the reforms is the simplification of tax slabs and potential rate reductions ... The government is ...

Given the complexity over certain aspects of crypto taxation, investors would be better off taking a chartered accountant or ...

Listen to Story Union Budget 2025-26 likely to simplify Income Tax Act Reforms aim to enhance compliance and ease of doing ...

The revisions include new income tax slabs for the fiscal year 2024-25. The standard deduction, which reduces the taxable income, has been increased from Rs. 50,000 to Rs. 75,000. Additionally, the ...