Income Tax : The Income-tax Act, 2025 replaces the 1961 law from April 2026 with simplified rules, redesigned forms, and automated compliance, ...
Income Tax : The Finance Bill proposes sweeping changes to reduce criminal liability in tax offences. Punishments are restructured to be propor...
Income Tax : The rules clarify that special-rate incomes are excluded to test the ₹12 lakh limit, but rebate cannot reduce tax on STCG. The t...
Income Tax : Standard deduction rises to Rs. 75,000 and Section 87A rebate threshold increases to Rs. 12 lakh, expanding zero-tax eligibility a...
Income Tax : Breaks down the major reforms introduced in 2025, including new tax slabs, rebates, and compliance simplifications....
Corporate Law : India's government develops Climate Finance Taxonomy framework to guide climate investments. Public comments invited by June 25, 2...
Income Tax : The Finance Bill 2025 proposes tax exemption on income up to ₹12 lakh, revised tax slabs, and a ₹75,000 standard deduction for...
Income Tax : Corporate tax collections increased post-rate cuts. No specific tax incentives for MNCs, but new measures aim to support electroni...
Income Tax : Finance Bill 2025 revises tax slabs, lowering tax rates for salaried individuals. Middle-class taxpayers benefit with increased re...
Income Tax : Explore the Finance Bill 2025 highlights, including revised tax rates, TDS/TCS amendments, ULIP taxation, and updated rules for sa...
Goods and Services Tax : The Union Budget 2025-26 introduces customs reforms to boost trade and domestic manufacturing. January GST collections hit ₹1.95...
Excise Duty : Govt extends provisions under Excise Notification 11/2017 from 2025 to 2026. Changes take effect on February 2, 2025....
Custom Duty : CBIC amends Customs IGCR Rules, 2022 to extend reporting timelines from monthly to quarterly and revise submission deadlines....
Custom Duty : Govt amends Customs Notification 153/94, updating classifications under chapters 86, 88, and 89. Changes effective from February 2...
Custom Duty : Govt modifies Customs Notification 19/2019, updating classifications for ammunition imports. Changes effective from February 2, 20...
The Finance Bill 2025 proposes tax exemption on income up to ₹12 lakh, revised tax slabs, and a ₹75,000 standard deduction for salaried taxpayers.
Finance Act, 2025 exempts service tax on reinsurance under crop insurance schemes for 2011-2017. Refund claims must be filed within six months of enactment.
Finance Act 2025 introduces major direct tax changes, including revised income tax slabs, increased rebate limits, and updates to perquisites, NPS deductions, and charitable trust taxation.
Explore the major amendments in Finance Act, 2025 compared to 2024, covering Income-tax Act changes, compliance updates, tax reforms, and implications.
A structured comparison of the Income-tax Bill 2025 and Finance Act 2025, covering key provisions, objectives, and changes in tax rates, deductions, and compliance.
In this article author analyses main changes made in Finance Bill 2025 as passed by Lok Sabha, along with it’s analysis.
Budget 2025 introduces tax reliefs, higher TDS thresholds, and urban housing reforms, impacting real estate growth while raising concerns over a property bubble.
Corporate tax collections increased post-rate cuts. No specific tax incentives for MNCs, but new measures aim to support electronics manufacturing in India.
Finance Bill 2025 revises tax slabs, lowering tax rates for salaried individuals. Middle-class taxpayers benefit with increased rebates and financial relief.
The Government has further amended the new tax regime to reduce the taxes, especially keeping in focus the middle class. The article relates to reform introduced in personal income tax in Budget 2025.
