The 2024 budget represented a significant change in the government's approach to personal taxation. Finance Minister Nirmala ...

Tax season is here, and many taxpayers could be leaving thousands of dollars on the table, according to a FOX Business report ...

Finance Minister Nirmala Sitharaman on Saturday announced a major rejig in income tax slabs, proposing nil tax on income up ...

Finance Minister Nirmala Sitharaman overhauled income tax rates and slabs in Budget 2025-26 to bring relief to the salaried ...

Taxpayers preparing to file the 2024 tax returns should ensure they're claiming the tax credits and deductions they're ...

FM Sitharaman's speech last Budget hinted at this new tax law when she said the goal was to simplify the income tax laws and cut the Income Tax Act, 1961's page-count by as much as 60 per cent.

The updated slabs show a shift in the tax-free income threshold from Rs 3 lakh to Rs 4 lakh, which is expected to provide significant relief to low-income taxpayers ...

FM Sitharaman announced that taxpayers with normal income up to Rs 12 lakh (excluding special rate income like capital gains) will receive a tax rebate in addition to the benefit from the reduction in ...

The focus of the Union Budget 2025 will likely remain on continuing the momentum of economic reforms and maintaining the ...

Table: Income Tax Slabs Under New Tax Regime for FY 2024–25 Up to Rs ... This change is anticipated to provide tax relief to 40 million salaried employees and pensioners. The income tax calculator ...

Many TCJA provisions provided important relief for farm families. While reductions in the corporate income tax rates were made permanent in 2017, income tax cuts for individuals began to phase out in ...

An interesting statistic to study is to look at total PAN Cards issued to individuals and the total income tax returns filed for year 2023-24: PAN Cards issued to individuals by Income Tax Dept.as ...