That’s because the government’s definition of taxable income doesn’t track with true economic income, and this disconnect ...

Rebate limit of Personal Income Tax to be increased to Rs 7 lakh from the current Rs 5 lakh in the new tax regime Budget 2023-24: Hum do, Hamare do.. Shatrughan Sinha's jibe at reduction in highest ...

GST Council to discuss reducing 12% tax slab and finalizing service intermediary tax treatment, aiming to simplify and ...

A viral LinkedIn post has brought fresh attention to a long-running debate — do salaried individuals pay much higher taxes than business owners, even when both earn the same income? This has sparked ...

Senate Republicans are coming around to the $40,000 cap on state and local tax deduction key House lawmakers demand in ...

Finance Minister Nirmala Sitharaman urged tax officials to simplify compliance processes, emphasizing transparency and ...

The Finance Minister was briefed on the department's key performance indicators for the current financial year (FY 2025-26), ...

The National Assembly yesterday unanimously adopted the Income Tax Bill of Bhutan 2025, a comprehensive tax reform to replace ...

Many taxpayers are unaware of the income tax slabs that will apply to their income under the new tax regime, which is ...

PTI Chairman Barrister Gohar Khan on Tuesday suggested increasing the minimum taxable income to Rs2.2 million per annum from ...

A National Assembly panel on Friday termed a nominal reduction in the salaried class income tax rates a "joke", as ...

However, lower slab limits have been narrowed, meaning many taxpayers will pay more tax than they did last year, even with the same income. Existing Tax Slabs Existing Tax Rates 2024–25 ...