The new income tax regime is set to become the preferred option for the majority of taxpayers in the upcoming financial year, following the proposals in the Union Budget 2025. Taxpayers couldn't have ...

Income tax expectations from Budget 2025: Simplify income tax slabs, cut income tax rates, clarify residency laws, allow income tax refunds to overseas bank account Personal tax plays a crucial role ...

The highest tax rate of 30 per cent is levied on individuals earning more than Rs 24 lakh in a year in the new income tax ...

While both the old and new regimes have merits and demerits, it can be cumbersome for taxpayers to pick the best-suited tax regime. Here is a simplified assessment of both regimes to answer a few ...

Indian investors have two key choices for fixed income and tax savings: National Savings Certificates and 5-year tax-saver ...

Tribunal held that charitable or religious trusts that have surrendered their registration and do not claim benefits under Section 11 are to be taxed at normal slab rates applicable to AOPs, not at ...

Find the best tax-efficient investments in India, such as tax-free bonds, SCSS, and SWPs, to generate a consistent monthly ...

Managing your finances in a tax-efficient way requires planning. Thankfully, the IRS released the income tax brackets for 2024 last year, allowing you to strategize for the upcoming tax year (returns ...