What does no income tax up to ₹12 lakh really mean? Decoding differences between tax rebate, deduction & exemption
Finance Minister Nirmala Sitharaman raised the nil income tax slab to ₹12 lakh for salaried individuals. This entails a tax ...
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Anupam Mittal Hails Budget 2025 Tax Reforms, Calls Them 'Systemic Correction'. See His Post HERE
The entrepreneur said that the Indian middle class has always been ‘a punching bag’, with the taxpayers ‘taxed at every turn, ...
Budget 2025: Spend some, use rest to retire debt and secure long-term goals
“Despite not availing tax benefits, one should continue investing in Public Provident Fund (PPF) for its low-risk, long-term ...
Budget 2025: Tax deductions, exemptions under New Tax Regime and Old Tax Regime for FY2025-26
In Budget 2025, the government opted not to modify the existing tax regime or introduce any new deductions. Finance Minister ...
Govt coming up with sweeping reforms in new I-T Bill, say sources
Bill to be tabled in Parliament on Feb 6 to overhaul entire tax system; changes aimed at making the filing of IT returns ...
Oneindia4h
Budget 2025: Income Tax Exemption Up to INR 12 Lakh – Implications for Old Tax Regime
Finance Minister Nirmala Sitharaman announces new income tax bill for Budget 2025. Will the old tax regime be abolished after income tax is free up to INR 12 lakh?- Watch Video on English Oneindia ...
Government has foregone more revenue benefiting Individuals/HUFs than corporates, says FM Sitharaman
Countering Opposition barbs about being a ‘suit-boot ki sarkar’, the government on Monday informed the Lok Sabha that the ...
The likely additional inflows, although not massive, are also expected to ease banking sector liquidity to some extent.
The likely additional inflows, although not massive, are also expected to ease banking sector liquidity to some extent.
Tax Guru5h
Key Proposals of Union Budget, 2025 (Income Tax)
Vide Finance Act 2022, taxation of virtual digital assets (VDA) has been introduced in the Income-tax Act, 1961 (‘the Act’), under section 115BBH of the Act in which the transfer of VDA is to be taxed ...
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Old tax regime may make sense in only these cases now
For high earners, the new tax regime generally offers more savings, but those with significant deductions may still prefer ...
Budget 2025 Reactions: From economists, political leaders, corporates to market analysts, how India is viewing FM's announcements
Following the Budget announcement, reactions have been mixed. Some are praising it, while others are criticising it. Here's ...
The Washington Post7h
Moore announces tax increases for the wealthy to close budget gap
Wes Moore (D) on Tuesday announced a plan to raise income tax rates for ... to the $2 billion in budget cuts announced last week, the governor committed $750 million in new investments Tuesday ...