India has different slabs for people under 60, senior citizens (60-79), and super seniors (80 and above). For example, if you ...

With all eyes on the new Income Tax bill which is slated to be tabled in the Parliament this week. Sources in the know of the ...

A major focus of the new tax bill is likely to be on lowering the number of such disputes by clearly defining provisions and ...

In terms of value, 84% of corporate filers contributed almost nothing to the total corporate tax collections of Rs. 7.16 lakh crore in the assessment year 2023-24.

Changes were made in the July Budget to reduce the complexity of the capital gains tax calculations and give some income tax ...

The Union Budget 2025-26, which Prime Minister Narendra Modi said was designed for the common man, gave relief to the middle ...

India's finance ministry has proposed extending the deadline for updated tax returns from two to four years to encourage ...

Question: I have earned some income in India that will require me to file a tax return. I am worried that once I do so, I ...

Finance Minister Nirmala Sitharaman has brought big cheer for middle class taxpayers - it’s a bonanza like never b ...

The new Income Tax Bill will exclude outdated provisions, reduce the total number of sections, and introduce clearer language ...

Too few citizens are expected to contribute too much to the tax coffers. Yet, the political courage needed to even out a ...

In 2014, taxpayers were exempt from tax on income up to Rs 2 lakh. Budget 2025 has significantly expanded this relief to Rs ...