
Until now, ambiguity surrounded the tax treatment of ULIPs where premiums exceeded certain thresholds, creating confusion for investors. Here’s what…
Budget 2025 extends the time limit for filing updated ITRs from 24 months to 48 months, but taxpayers filing late…
Income Tax Slabs Decoded: Income up to Rs 12.75 lakh is tax-free under the new tax regime for FY 2025-26,…
Explained: Budget 2025 now proposes that there will be no income tax payable up to income of Rs 12 lakh.
New Income Tax Slab Rates FY 2025-26, Revised Income Tax Slab changes Highlights: Under the new tax regime, individuals earning…
The standard deduction on salary streamlines tax filing for salaried individuals by reducing taxable income by a set amount, minimizing…
While the old tax regime, with its deductions and exemptions, has been a longstanding feature, the government’s push for the…
With rising inflation, job uncertainties, and the burden of indirect taxes, households across the country are eagerly anticipating relief in…
The question on everyone’s mind is whether the government will eliminate or revise the 30% tax slab in the upcoming…
Among the primary expectations of taxpayers are the rationalization of income tax slab rates and an increase in the Section…
Budget 2025: Middle-class taxpayers and the insurance sector are hoping that FM Nirmala Sitharaman will initiate reform measures including tax…
Among these zero-tax return filers, a majority may have switched to the New Tax Regime. This indicates that the majority…
Budget 2025: Under the old tax regime, salaried employees can claim a deduction of up to Rs 2 lakh on…
Budget 2025: The government may raise the basic income tax exemption limit for senior citizens to Rs 5 lakh, potentially…
Initially, the Central Board of Direct Taxes (CBDT) set the original deadline for filing of belated or revised tax returns…
Budget 2025 may bring significant tax relief for individuals earning up to Rs 15 lakh as the Direct Tax Code…
The Central Board of Direct Taxes (CBDT) has extended the deadline for filing belated and revised income tax returns (ITRs)…
While India’s current fiscal year ends on March 31, 2025, this period provides an excellent opportunity to familiarize oneself with…