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Countrywise Withholding Tax Rates: IT Act vs. Tax Treaties/DTAA

Income Tax : Tax on dividends, interest, royalties and FTS earned by non-residents is governed by the more beneficial rate under the Income-tax...

June 30, 2026 43576 Views 1 comment Print

Income Tax Rates for Financial Year 2024-25 and 2025-26

Income Tax : The document explains tax rates applicable to individuals, HUFs, firms, companies, co-operative societies, foreign companies, and ...

June 17, 2026 187578 Views 20 comments Print

Income Tax Rates for AY 2026-27 and AY 2027-28

Income Tax : The Finance Bill, 2026 continues the same tax slabs and rates as the previous year. Individuals, companies and other entities see ...

February 2, 2026 83904 Views 0 comment Print

Nil Tax Up To Rs. 12 Lakhs Income (FY 2025-26); Tax Computation With Illustrations & FAQs

Income Tax : Explore how new tax rebate under Section 87A allows individuals to avoid tax on incomes up to Rs 12 lakh. Learn through illustrati...

February 11, 2025 32667 Views 4 comments Print

Is Rs 15 Lakh Salary Taxable Only on Income Above Rs 12 Lakh?

Income Tax : Earning ₹15 lakh? Know how new tax slabs work and why ₹12 lakh exemption doesn’t apply. Learn about rebates, slab-wise taxat...

February 2, 2025 6849 Views 0 comment Print


Latest News


Corporate Tax Concessions in India: Key Deductions & Impact

Income Tax : A summary of corporate tax concessions in India, including key deductions, exemptions, and revenue impact from 2021-24 under the I...

April 3, 2025 1617 Views 0 comment Print

Govt Expects 12.65% Rise in Income Tax Collections Despite Tax Rate Cut

Income Tax : The Finance Bill 2025 projects a 12.65% rise in income tax collections despite tax cuts, with estimated receipts of ₹25.20 lakh ...

March 16, 2025 513 Views 0 comment Print

Impact of Tax Rate Reduction on Middle-Class & Savings

Income Tax : The Finance Bill 2025 revises tax slabs, reducing the burden on middle-class taxpayers. The changes aim to boost savings and consu...

March 16, 2025 549 Views 0 comment Print

No Income Tax on Annual Income Upto Rs. 12 Lakh Under New Tax Regime

Income Tax : Union Budget 2025-26 introduces tax relief with no income tax up to Rs. 12 lakh, benefiting middle-class taxpayers and boosting co...

February 1, 2025 17511 Views 2 comments Print

Union Budget 2025: Key Industry and Common Man Expectations

Income Tax : Union Budget 2025 expectations include tax relief, GST reforms, R&D support, and measures for MSMEs. Common demands focus on easin...

February 1, 2025 2856 Views 0 comment Print


Latest Judiciary


Higher Tax Rate u/s. 115BBE is applicable since 01.04.2016: ITAT Indore

Income Tax : Higher rate of tax was prescribed in section 115BBE through an amendment made vide Taxation Laws (Second Amendment) Act, 2016 and ...

February 8, 2023 14898 Views 0 comment Print


Latest Notifications


CBDT condones default in filing Form 10-IC

Income Tax : CBDT issues Income Tax Circular 06/2022 | Dated: 17th March, 2022 to condone the default in filing Form 10-IC to avail lower tax r...

March 17, 2022 29688 Views 4 comments Print

Set off of BF loss & MAT credit adjustments under new tax regime

Income Tax : Circular 29/2019 – Clarifications on set off of brought forward loss due to additional depreciation & MAT credit if comp...

October 4, 2019 7176 Views 0 comment Print

Concessional CGST rate on specified handicraft items WEF 27.07.2018

Goods and Services Tax : CBIC notifies concessional CGST rate on specified handicraft items vide Notification No. 21/2018-Central Tax (Rate), Dated: 26th J...

July 26, 2018 38169 Views 3 comments Print

CBIC allows Refund of GST credit to fabric manufacturers

Goods and Services Tax : CBIC allows Refund of accumulated credit on account of inverted duty structure to fabric manufacturers vide Notification No. 20/20...

July 26, 2018 36246 Views 1 comment Print

Changes in List of goods exempt from CGST wef 27.07.2018

Goods and Services Tax : CBIC amends list of goods exempt from GST vide Notification No. 19/2018-Central Tax (Rate), Dated: 26th July, 2018 with effect fr...

July 26, 2018 16785 Views 0 comment Print


Income Tax Slabs for Individuals/HUF/AOP/BOI/AJP (Default) for AY 2024-25

January 18, 2024 12279 Views 1 comment Print

Revised income tax slabs for AY 2024-25 under Section 115BAC for Tax on income of Individuals/HUF/AOP/BOI/AJP. Learn about rebates, cess, surcharge, and special points affecting tax liability.

New Tax Regime Dilemma: Insights from Assessments and Trends

January 12, 2024 8091 Views 0 comment Print

Explore Indian taxpayers’ dilemma with new tax regime, insights from assessments, and emerging trends. Understand choices, implications, and government considerations.

Analysis of India’s New Corporate Tax Regime: Key Features and Perspectives

January 12, 2024 5454 Views 0 comment Print

Explore details of India’s 2019 corporate tax reforms, including reduced rates, MAT changes, and their impact. Learn about industry responses and ongoing evaluations

F.Y. 2023-24; A.Y. 2024-25 – Default New Tax Regime

January 11, 2024 22305 Views 1 comment Print

Explore the latest tax regime changes for FY 2023-24, including revised slab rates, deductions, and the debate between old vs. new tax regimes. Make informed financial decisions.

Comparing Old vs. New Tax Regime: Impact on Individual Taxpayers

October 12, 2023 4083 Views 1 comment Print

Explore differences between old and new tax regimes in India from an individual taxpayer’s perspective. Learn about exemptions, deductions, and their implications in this comprehensive analysis.

Navigating the Confusion: Which Tax Regime to Choose When Filing a Revised Return?

September 22, 2023 31356 Views 2 comments Print

Article explains key points you need to know when it comes to choosing between the New and Old Tax Regimes and how revisions to your tax return are affected.

Income Tax Slabs for FY 2023-24 (AY 2024-25) in the New Tax Regime

September 14, 2023 91824 Views 4 comments Print

Learn about latest income tax slabs for FY 2023-24 (AY 2024-25) in new tax regime, including notable changes and how they affect taxpayers

New Tax Regime (NTR) from Financial Year 2023-24

July 25, 2023 13611 Views 1 comment Print

Understand the new tax regime (NTR) from FY 2023-24 and learn how to save tax with allowable rebates, exemptions, and deductions.

TDS Rate Chart for FY 2023-24 / AY 2024-25 – Updated

July 25, 2023 57588 Views 4 comments Print

Updated TDS Rate Chart for FY 2023-24 (AY 2024-25). Find the latest rates for tax deduction at source for various transactions. Easy-to-understand guide.

Marginal Relief: How it Benefits Small Taxpayers in New Income Tax Regime

July 10, 2023 60741 Views 3 comments Print

Learn about marginal relief in the new income tax regime and how it benefits small taxpayers. Explore examples and understand how even a small increase in income above ₹ 7 lakh can result in higher tax liability.

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