The draft of India’s 2025 Income Tax Bill simplifies the language of the complex 1961 Act. This is welcome. But the effort ...

In this blog post, I’ll break down what these schedules are, provide real-world examples, and explain how to report them on ...

Budget 2025 updates tax slabs under section 115BAC, offering zero tax up to ₹12 lakh income with rebate and marginal relief. Old regime remains ...

While the new regime has fewer levers, there are still legitimate strategies available to reduce tax liability. When Budget ...

Currently, under the new system, annual income of up to 1.5 million rupees (about $17,300) attracts a tax rate of between 5% and 20%, while income of more than that is taxed at 30%.

The Income Tax Department has access to global financial data through international frameworks like the Common Reporting Standard (CRS) and the Foreign Account Tax Compliance Act (FATCA). These ...

Some countries across the Gulf, Europe, and Asia allow residents to keep 100% of their earnings as they impose no income tax.

Gold, debt, and other capital assets see their holding period for LTCG classification drop from 3 years to 2, with a unified ...