Income Tax : The Finance Bill, 2026 continues the same tax slabs and rates as the previous year. Individuals, companies and other entities see ...
Income Tax : Detailed comparison of dividend, interest, royalty, and FTS withholding tax rates between India's Income-tax Act and over 60 Doubl...
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...
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...
Income Tax : Budget 2025 introduces no income tax on earnings up to ₹12 lakhs under the new regime, offering significant relief. Learn about ...
Income Tax : A summary of corporate tax concessions in India, including key deductions, exemptions, and revenue impact from 2021-24 under the I...
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 ...
Income Tax : The Finance Bill 2025 revises tax slabs, reducing the burden on middle-class taxpayers. The changes aim to boost savings and consu...
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...
Income Tax : Union Budget 2025 expectations include tax relief, GST reforms, R&D support, and measures for MSMEs. Common demands focus on easin...
Income Tax : Higher rate of tax was prescribed in section 115BBE through an amendment made vide Taxation Laws (Second Amendment) Act, 2016 and ...
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...
Income Tax : Circular 29/2019 – Clarifications on set off of brought forward loss due to additional depreciation & MAT credit if comp...
Goods and Services Tax : CBIC notifies concessional CGST rate on specified handicraft items vide Notification No. 21/2018-Central Tax (Rate), Dated: 26th J...
Goods and Services Tax : CBIC allows Refund of accumulated credit on account of inverted duty structure to fabric manufacturers vide Notification No. 20/20...
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...
Discover What is NTR and its impact on taxpayers with the new tax regime and understand the low income tax rates and additional slabs under NTR.
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 2023: Article explains consequences & implications of New Income Tax slabs and what are its direct effect on a common man.
Striking feature of budget 2023 is that government attempted to make new tax regime attractive to pursue taxpayers to switch to new tax regime
Discover the dark side of the Budget 2023 Trump Card- the new income tax regime. Find out the reduced tax rates & increased exemptions unveiled by FM Nirmala Sitharaman & how it differs from the old income tax regime.
Understand the Old Vs. New Tax regime proposed by Budget 2023-24. Learn how to get the best outcome with our examples for the Assessment Year 2024-25. Google optimization for New vs. Old Income Tax regime with examples – Budget 2023.
Income Tax Rate chart as applicable for assessment year 2024-25 Financial Year 2023-24 to individual, Hindu undivided family, association of persons, co¬operative society, body of individuals, Firms, Local authorities and Companies
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 […]
MAJOR ANNOUNCEMENTS IN PERSONAL INCOME TAX TO SUBSTANTIALLY BENEFIT THE MIDDLE CLASS PERSONS WITH INCOME UP TO RS. 7 LAKH WILL NOT PAY INCOME TAX IN NEW TAX REGIME TAX EXEMPTION LIMIT INCREASED TO RS. 3 LAKH CHANGE IN TAX STRUCTURE: NUMBER OF SLABS REDUCED TO FIVE SALARIED CLASS AND PENSIONERS TO GAIN ON EXTENSION […]
After criticism on Tax Rate Reduction for Corporates Income Tax India has given following clarification on Twitter. It is to be noted that Tax Rate for Corporates been reduced to 22% while other category of Taxpayers Including, Individuals, HUF and Senior Citizens are not been given any relief by the Government – The corporate tax […]
