There were rumours that the government might hike the amount of standard deduction available to give tax relief to the middle ...

Despite the announced cuts in income tax rates, the Centre has projected a significant increase in gross income tax receipts ...

Budget 2025 saw major income tax changes with FM Nirmala Sitharaman announcing new income tax slabs and income tax ...

FM Nirmala Sitharaman also announced that the annual limit for TDS on rent has been raised from ₹2.40 lakh to ₹6 lakh, ...

The new income tax bill - a direct tax code meant to simplify compliance for individual taxpayers - will be introduced next ...

Presenting the 14th consecutive Budget under the Narendra Modi government since 2014, FM Sitharaman also proposed the ...

Finance Minister Nirmala Sitharaman in her Union Budget 2025 speech today announced a new tax slab that has been refreshed across the board. Under the new regime, there is no tax on income up to Rs 12 ...

Memes on social media reflected the celebratory mood among middle-class tax payers as finance minister Nirmala Sitharaman ...

The updated slabs show a shift in the tax-free income threshold from Rs 3 lakh to Rs 4 lakh, which is expected to provide significant relief to low-income taxpayers ...

FM announced that a person with annual income of Rs 18 lakh will get benefit of Rs 70,000 in tax while persons with annual ...

The government will introduce a new Income Tax Bill next week, raising FDI in insurance to 100%, easing tax compliance, ...