Union Finance Minister Nirmala Sitharaman has entered the history books after presenting the ninth consecutive Budget.
Budget 2026 income tax expectations: Taxpayers in India are looking at Finance Minister Nirmala Sitharaman’s speech for announcements related to simplification of income tax slabs, returns, compliance ...
Annual income of up to Rs 12 lakh: The new regime results in zero tax because of the interplay between rebate and standard deduction. Annual income of Rs 15–30 lakh, the gap remains wide unless the ...
The tax and ITR (Income Tax Return) filing system in India is set to undergo a major transformation starting April 1, 2026. The over-60-year-old system is being replaced by the concept of a "Tax Year, ...
Many types of income in India are completely exempt from tax under the Income-tax Act, provided certain conditions are met.
The article analyses whether lower tax rates under Section 115BAC outweigh the loss of deductions, examining legal validity and financial impact on middle-class ...
Many types of income in India are completely exempt from tax under the Income-tax Act, provided certain conditions are met.
Income-tax brackets should be adjusted for inflation so as to relieve the burden on individuals, according to Parthasarathy Shome, adviser to Finance Minister P Chidambaram. This will ensure tax slabs ...