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personal income tax changes

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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


What A Common Man Should Know About Budget 2023

February 3, 2023 1947 Views 1 comment Print

BUdget 2023: Article explains consequences & implications of New Income Tax slabs and what are its direct effect on a common man.

A critique on Budget 2023: Will new tax regime be widely acceptable?

February 3, 2023 696 Views 0 comment Print

Striking feature of budget 2023 is that government attempted to make new tax regime attractive to pursue taxpayers to switch to new tax regime

5 Major Updates on Personal Income Tax under Budget 2023

February 2, 2023 4389 Views 0 comment Print

Keep up with Budget 2023 and the latest in personal income tax: 5 major updates revealed by FM Sitharaman. Explore higher rebate limit of Rs. 7 lakhs & an increased tax exemption limit of Rs. 3 lakhs.

बजट 2023: व्यक्तिगत करदाताओं पर प्रस्तावित आयकर प्रावधान – एक विवेचन

February 2, 2023 2508 Views 0 comment Print

बजट – 2023 एक ऐसा बजट है जो कि 2024 में होने वाले आम चुनाव के ठीक एक साल पहले पेश किया जाने वाला बजट है इसलिए करदाताओं पर कोई बोझ डाला जाएगा इसकी तो कोई उम्मीद नहीं थी लेकिन आम करदाता को यह उम्मीद थी कि उसे कर से कोई राहत मिलेगी. आइये देखें कि उनको किस प्रकार की राहत मिली है और कहाँ-कहाँ निराशा हाथ लगी है . आइये देखें आयकर में हुए मुख्य परिवर्तन क्या है और इन्हें किस तरह से समझा जा सकता है .

Budget 2023: Taxation Key Points, Old Vs New Income Tax Regime

February 1, 2023 516453 Views 22 comments Print

The Union budget 2023 presented in the Parliament today on 1st February 2023, the Finance Minister proposed five major announcements for tax payers: 1. Nil tax, upto income Rs. 7 Lakhs (After Rebate U/S 87A) 2. Six Income slabs and new tax rates 3. Standard Deduction Rs. 52,500/- for salaried person with an income of […]

आम नागरिक की बजट अभिलाषा

February 1, 2023 1086 Views 0 comment Print

आम बजट २०२३ लेकर के आए, खुशाली और प्रगति की नई आशा। इस कविता के माध्यम से प्रस्तुत करता हूँ मैं, आम नागरिक की बजट अभिलाषा॥ चूंकि अब कर चुकी हैं हमारी आदरणीय वितमंत्री जी, बजट २०२३ का हलवा परोस। देखने को उत्सुक हैं हम सभी, ये बजट भरता है भारतीय अर्थव्यवस्था में कितना जोश॥

बजट 2023 से मिडिल क्लास तथा वेतन भोगी वर्ग की उम्मीद

February 1, 2023 948 Views 0 comment Print

केंद्रीय वित्त मंत्री निर्मला सीतारमण 1 फरवरी 2023 को आम बजट प्रस्तुत करेंगी यह मोदी सरकार के दूसरे कार्यकाल का अंतिम पूर्ण बजट होगा हर बार की तरह इस बार भी वेतन भोगी तथा मध्यम वर्ग को आने वाले बजट 2023 से काफी उम्मीदें हैं तथा इस बार पूर्ण आशा है कि सरकार उन्हें कुछ रियायत दे सकती है. उम्मीदें लगाई जा रही हैं कि नए बजट 2023 में मध्यम वर्ग पर टैक्स का भार कम हो सकता है.

Expectations of Tax Payers In Budget – 2023

January 18, 2023 11697 Views 0 comment Print

Want to know the expectations of taxpayers in the upcoming budget? Learn what Bhartiya Janta Party and Finance Minister Smt. Nirmala Sitaraman have in store with the keyphrase ‘Expectations of Tax Payers In Budget – 2023’

Union Budget 2023: Personal Taxpayer’s Wishlist

January 17, 2023 6021 Views 3 comments Print

Grow your investments & save tax this year Union Budget 2023 brings big changes for individual taxpayers. Discover the wishlist here!

7 Expectations from Union Budget 2022

January 28, 2022 10068 Views 1 comment Print

Expectation from budget – This would be the Fourth budget presented by Ms. Nirmala Sitharaman and second budget since covid has emrged. This Budget would be special as this would be seen as a Pre-poll budget of significant states like UP and Punjab along with Goa Manipur and Uttarakhand. Where central government may try to […]

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