As Budget 2025 approaches, taxpayers are keen on potential changes such as a higher basic exemption limit, clarit ...
Salaried taxpayers hope Budget 2025 will see some major taxation reforms, including much-needed tax relief for them, higher ...
Himachal High Court held that as per section 43-B of the Income Tax Act deduction towards contribution to leave encashment ...
Anyone earning Rs 2.5 lakh or more in India must file an ITR. This rule applies to everyone, not just high-income earners.
The central government has been modifying the New Tax Regime in the last few Budgets by including certain deductions and ...
The standard deduction allows taxpayers to reduce taxable income without proof. Introduced in 1974 and abolished in 2005, it ...
FM Nirmala Sitharaman may announce income tax relief for salaried individuals, including higher exemption limits.
The IRS has made its annual inflation adjustments for more than 60 tax provisions, including tax rate schedules and the ...