These slabs apply to individuals, Hindu Undivided Families (HUFs), and associations, and are updated periodically to reflect ...

Taxpayers are keenly awaiting possible reductions in tax rates and increased exemption limits, amid ongoing high inflation and shifting consumption trends ...

The Union Budget 2025 presents an opportunity for the government to implement reforms that address the complexities of ...

In this write-up, we will analyze which tax regime — old or new — is more advantageous for individuals with an annual income of up to ₹15 lakh. For this comparison, we will assume the taxpayer is ...

The government might extend the tax exemption for individual contributions to NPS under the new tax regime, along with several other projected deductions.

Given the rapid advancements in artificial intelligence, the budget must allocate resources to AI-driven research, the development of indigenous AI models, and the integration of AI across sectors ...

The Government's endeavour has been to promote the new tax regime, and personal tax changes in the last few Budgets have been ...

The Direct Tax Code is aimed at simplifying the tax laws and reduce the page count as numerous amendments over the years have made the Income Tax Act, 1961 complicated. The 1961 law has 23 chapters ...

As Budget 2025 approaches, taxpayers are keen on potential changes such as a higher basic exemption limit, clarit ...

Budget expectations in consumer retail sector include higher income tax exemptions, GST reductions on essential items and ...