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personal income tax

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Wishlist for Budget 2024: Income Tax Reforms and Relief Demands

Income Tax : Explore wishlist for Budget 2024 from an income tax perspective. From standard deduction to LTCG tax rates, discover key proposals...

January 21, 2024 1614 Views 0 comment Print

Personal Income Tax and Compliance Costs: A Critical Study

Income Tax : The scope of this article is primarily focused on the compliance of individuals with the tax system, excluding corporate entities ...

January 18, 2024 1689 Views 0 comment Print

Applicability of Marginal relief under new regime as well as old tax regime

Income Tax : Explore the applicability of Marginal Relief in both old and new tax regimes, designed to ease the tax burden on individuals with ...

May 15, 2023 19332 Views 7 comments Print

Old Vs New Income Tax Regime Which Tax Regime is better?

Income Tax : Explore the old vs new income tax regime for FY 2023-24. Compare tax slabs, benefits, exemptions, and deductions to determine whic...

May 3, 2023 37689 Views 18 comments Print

Impact of Budget 2023 on Personal Income Tax

Income Tax : Discover the impact of Budget 2023 on Personal Income Tax, including changes in tax rates, exemptions, deductions, and the choice ...

March 13, 2023 6834 Views 2 comments Print


Latest News


Income tax Rates for assessment year 2021-22

Income Tax : Rates of income-tax in respect of income liable to tax for the assessment year 2021-22 i.e. Financial Year 2020-21 In respect of i...

February 2, 2021 21345 Views 1 comment Print

Budget 2020: DDT proposed to be removed

Income Tax : Union Budget proposed to remove the Dividend Distribution Tax. Currently, companies are required to pay DDT on the dividend paid t...

February 1, 2020 1446 Views 0 comment Print

Increase Income Tax Slab, Section 80C & Section 80TTA deduction

Income Tax : Tax Bar Association made a Pre Budget Memorandum to Finance Minister and requested for increase in Income Tax Slab Rate, Increase ...

January 29, 2020 17154 Views 5 comments Print

Budget 2020- Increase Tax Exemption Slabs / Section 80C Deduction/ Cash Transaction Limit

Income Tax : Punjab Accountants Association hs requested Honourable Union Finance Minister, Ms. Nirmala Sitharaman to revise Income-tax Slab fo...

January 21, 2020 14712 Views 0 comment Print

No Tax Benefit to those having Taxable Income Exceeding 5 Lakh

Income Tax : Individual taxpayers having taxable annual income up to Rs.5 lakhs will not be required to pay any income tax. The Finance Ministe...

February 1, 2019 20649 Views 8 comments Print


Latest Notifications


No TDS by Mutual Funds on income in the nature of capital gains

Income Tax : t under the proposed section 194K, a Mutual Fund shall be required to deduct TDS @ 10% only on dividend payment and no tax shall b...

February 4, 2020 5442 Views 1 comment Print

CBDT to Compile data of taxpayer in whose case appeals are pending

Income Tax : As you are aware the Hon'ble Finance Minister in her Budget Speech on lst  February 2020 announced a new Scheme namely Vivad se V...

February 4, 2020 1278 Views 0 comment Print

Govt clarifies on Tax on Income of Indian citizens working Overseas

Income Tax : It is clarified that in case of an Indian citizen who becomes deemed resident of India under this proposed provision, income earne...

February 2, 2020 2376 Views 2 comments Print

CBDT Press Release on Tax collections during first quarter

Income Tax : Net direct tax collections during first quarters of the present fiscal (up to June 2010) stood at Rs.68,675 crore, up from Rs.59,4...

July 8, 2010 384 Views 0 comment Print


Latest Posts in personal income tax

Wishlist for Budget 2024: Income Tax Reforms and Relief Demands

January 21, 2024 1614 Views 0 comment Print

Explore wishlist for Budget 2024 from an income tax perspective. From standard deduction to LTCG tax rates, discover key proposals for financial relief and reforms in this detailed analysis.

Personal Income Tax and Compliance Costs: A Critical Study

January 18, 2024 1689 Views 0 comment Print

The scope of this article is primarily focused on the compliance of individuals with the tax system, excluding corporate entities and other legal persons. The objective is to assess the overall impact of compliance costs on a broader scale by applying determinants of compliance costs to various categories of taxpayers.

Applicability of Marginal relief under new regime as well as old tax regime

May 15, 2023 19332 Views 7 comments Print

Explore the applicability of Marginal Relief in both old and new tax regimes, designed to ease the tax burden on individuals with incomes slightly above certain thresholds. Gain insights through examples and understand its impact on tax calculations. Stay informed about tax-saving opportunities.

Old Vs New Income Tax Regime Which Tax Regime is better?

May 3, 2023 37689 Views 18 comments Print

Explore the old vs new income tax regime for FY 2023-24. Compare tax slabs, benefits, exemptions, and deductions to determine which regime is better for you. Make an informed decision with expert insights.

Impact of Budget 2023 on Personal Income Tax

March 13, 2023 6834 Views 2 comments Print

Discover the impact of Budget 2023 on Personal Income Tax, including changes in tax rates, exemptions, deductions, and the choice between old and new tax regimes.

Pros and Cons for switching to new tax regime

February 25, 2023 11532 Views 0 comment Print

Budget 2023s new tax regime: A mix of flexibility and choice with potential for reduced savings. Understand the benefits and drawbacks before deciding.

बजट में सभी वर्ग का ध्यान तो ‘बिना किसी पेंशन वाले छोटे वरिष्ठ शेयर निवेशकों’ की उपेक्षा क्यों ?

February 12, 2023 1011 Views 0 comment Print

आम बजट में जिस तरह से नए कर ढ़ांचे की पेशकश की गयी है उससे तो यही संकेत मिलता है कि सरकार आने वाले वर्षों में पुरानी व्यवस्था को कहीं स्थगित ही न कर दे हालांकि अभी तक तो हमें पुरानी व्यवस्था को अपनाने का विकल्प दे रखा है। नये कर ढांचे में हम जैसों […]

Budget 2023- Individual Tax Slabs For Financial Year 2023-24

February 4, 2023 191484 Views 12 comments Print

Learn all about the new tax slabs from Union Budget 2023 and understand the computing of individual taxes for FY 2023-24. Budget 2023- Individual Tax Slabs

Old Tax Regime Vs. New Tax Regime Updated Calculator for FY 2023-24

February 3, 2023 88458 Views 9 comments Print

Old Tax Regime Vs. New Tax Regime Updated Calculator for Financial Year 2023-24 i.e. Assessment Year 2024-25 after considering new tax slabs proposed by Union Budget 2023. Various slabs and Tax Rates created chaos and raised multiple questions among Salaried employees. In order to bring simplicity I have created a Excel based utility which will […]

Budget FY 23-24: Standard deduction benefit INR 52,500 or INR 50,000

February 3, 2023 131691 Views 9 comments Print

Starting from FY 23-24, take advantage of the ₹ 52,500 or ₹50,000 standard deduction benefit announced in the Union Budget. Learn more!

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