T he Finance Minister has clarified that Unit Linked Insurance Plans (ULIPs) on whom clause (10D) of section 10 does not ...

Budget 2025 has made no change to the tax rate or holding period for long term capital gains (LTCG) and short term capital ...

Budget 2025 brings cheer to taxpayers! No income tax up to Rs 12 lakh sparks a meme fest on social media. Netizens rejoice and celebrate the tax relief with hilarious reactions.

For students and young professionals working in the US, UK, Canada, or Australia, these changes could result in higher tax obligations and potential double taxation risks.

Criticising the Union Budget 2025, Karnataka Chief Minister Siddaramaiah dubbed it as a disappointing one, detrimental to the ...

Sitharaman said this new structure will significantly reduce taxes for the middle class, putting more money in their hands, boosting household consumption, savings, and investment.

Consultants can deduct business-related expenses from gross receipts or opt for a simpler presumptive tax scheme. Meanwhile, ...

If you are still confused about which tax regime to choose after Budget 2025 proposals, here is how to choose between the old ...

Finance Minister Sitharaman announced significant tax relief for the middle class, exempting annual incomes up to Rs 12 lakh from income tax under the new regime, while also rejigging tax slabs.

The new tax regime, introduced in Budget 2020 and revised in Budget 2023, provides lower tax rates but removes most exemptions and deductions.

In addition to the tax relief, the Finance Minister also introduced reforms to simplify the Tax Deduction at Source (TDS) system.

Some tax relief measures have been introduced in the budget for senior citizens, including an increased tax deduction limit ...