Withholding tax rates on prize bond winnings and profits from debt/loan interest have been implemented on National Savings ...

Accordingly, if taxpayers opt for a new tax regime, tax on 12 lakhs of income will be 60,000 and rebate will be 60,000. Thus, ...

Result: The new regime saves Rs. 9,360, enough for one EMI top-up before the next ITR filing start date. Tax = Rs. 18,500 + ...

With India’s tax laws tightening around retirement products, high-income earners must rethink their strategies. From capital ...

The GST Council may meet in August to discuss slab rejigs aimed at boosting consumption. A simplified tax structure with ...

Tax-efficient Income Plus Arbitrage FoFs offer investors a compelling alternative to traditional debt funds in India's ...

Exemptions under Section 54 (residential property) and Section 54EC (bonds) still exist but are capped. These limits reduce ...

Addressing his first press conference after taking over as the CII President, Memani made a strong case for simple three-tiered GST rate structure, with essential items attracting 5%, luxury and sin ...

Tax on gifts, HRA claims for rent to parents, and cash transaction limits, here are some of the less-known income tax rules ...

The restructuring of GST is likely to ease the inflationary pressure on essential goods, benefiting a large section of the ...

Many Indian retail investors are surprised to learn that earning under ₹12 lakh in the stock market doesn't guarantee tax ...

Centre eyes GST cut from 12% to 5% on pulses, tea & besan after record revenues, aiming to reduce costs and support essential ...