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 ...

The Select Committee on the Income-Tax Bill 2025 recommended this, say officials closely involved with the legislation.

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

Relief for these Property buyers and other taxpayers who got tax demand notice due to short deduction of TDS from ...

Income Tax Department has access to global financial data through international frameworks like the Common Reporting Standard ...

Enhanced reporting for deductions [80C,10 (13A)] etc.

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

With these 32 suggestions, the Committee has provided a roadmap for refining the new income-tax legislation—balancing simplification with safeguards, and modernization with continuity.

In a progressive tax system like ours, more than one tax rate applies to your income. Your marginal rate is your top tax rate.

Debates on India’s poverty and inequality trends are welcome. We should be careful with global comparisons, though, and keep track of inter-generational mobility as well.

In a rapidly evolving fixed income landscape, investors are increasingly seeking strategies that deliver not just stability ...