According to experts, even if an additional 5% of people opt to buy new vehicles, it may bring a huge boost to sector. This ...

Under the proposed Union Budget 2025, a ₹60,000 rebate applies to incomes up to ₹12 lakh, enhancing the attractiveness of the ...

These amendments aim to eliminate ambiguity and ensure uniformity in calculating the limitation period for tax proceedings. Most of the changes will take effect from April 1, 2025, while some ...

India announced a series of budget measures, including major investments in agriculture, manufacturing, infrastructure, and ...

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 ...

Section 194 of the Income-tax Act mandates that Indian companies must deduct 10% income tax on dividends paid to shareholders who are residents in India, before making any payment. The first proviso ...

After Finance Minister Nirmala Sitharaman presented the 2025-26 Union Budget in the Lok Sabha on Saturday, it is prudent to learn about the basics of the annual set of documents outlining an ...

Currently, about 74-75 per cent of taxpayers file their returns under the new income tax regime, the official said citing government data.

While the proposal to raise the threshold of nil income tax to ₹12 lakh for individuals has received attention, there are other positive announcements in the budget for the economy’s growth. Image: ...

Among the most significant announcements was the introduction of a new income tax regime that exempts individuals earning up to Rs1.2 million from tax ...

Chief Ministers of Karnataka, Telangana, Kerala, and Tamil Nadu criticise Union Budget 2025-26 for ignoring regional concerns ...