The Union Budget 2025-26 has delivered the largest tax exemption hike in two decades, allowing individuals earning up to Rs 12 lakh annually to pay zero income tax under the new regime. This move aims ...

2. It is proposed that TDS rate under section 194LBC of the Act be reduced from 25% and 30% to 10% as this sector is sufficiently organized and regulated. 3. This amendment will take effect from the ...

The government had set up a ministerial panel, the Group of Ministers (GoM), to examine GST rate rationalisation.

The CBDT Chairman also cited the new tax regime (NTR), where there are no deductions or exemptions allowed like the old ...

After Finance Minister Nirmala Sitharaman presented the 2025-26 Union Budget in the Lok Sabha on Saturday, it is time to know where does Centre collects every 1 rupee of revenue from- income tax, GST, ...

The Budget announcement of zero tax for earnings upto Rs 12 lakh per annum and the rejig of tax slabs across the board should ...

This amendment will take effect from the 1st day of April, 2026 and shall accordingly, apply in relation to the assessment year 2026-27 and subsequent assessment years. Clause 3 of the Bill seeks to ...