Also, the return-filing process needs to be simplified for NRIs, who are facing several challenges as tax refunds are not ...

Meanwhile, resident individuals are also entitled to a rebate of up to 100 per cent of income tax subject to a maximum limit depending on tax regimes as under: ₹ 12,500 for income up to ₹ 5 lakh under ...

Currently, as per Section 24 of the Income-tax Act, 1961 (referred to as ‘the IT Act’), individuals can claim a deduction of ...

While the old regime allows for various exemptions and deductions, the new regime offers reduced tax rates with limitations ...

As Budget 2025 approaches, potential income tax reforms for salaried individuals may include changes to tax slabs. Experts ...

As Budget 2025 approaches, whispers of scrapping the old income tax regime have grown louder. Has the old regime lost its ...

Budget 2025 is likely to prioritise fiscal discipline, minor tax tweaks, and cautious consumption boosts over bold reforms.

The Union Budget 2025 could bring a major overhaul to India's taxation system with the introduction of joint taxation for ...

Senior citizens seek tax relief and reforms in Budget 2025 to tackle inflation, income challenges and enhance their qulity of ...

Despite the potential vulnerability to sudden increases in regional geopolitical tensions and significant drops in oil prices ...

Political parties have criticised the government for increasing value-added tax (VAT) and supplementary duty (SD) on nearly ...

Alex Burghart said officials should ensure ‘all appropriate taxes’ have been paid on homes linked to her aunt’s former ...