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

They must report Indian assets if income crosses Rs 1 cr as threshold for capital gains has increased, say experts ...

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 + ...

Simply put, taxpayers will be able to benefit from many of the tax changes in 2025, although they might not notice the ...

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

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

The federal government has introduced new income tax slabs for the salaried class in the Finance Bill 2025-26, offering relief to low-income earners and imposing a 5% tax on pensions exceeding Rs10 ...

ITAT Mumbai held that Private Discretionary Trust whose income is chargeable to tax at maximum marginal rate is not leviable to pay surcharge if the slab rates are below Rs. 50 Lakhs. Accordingly, ...

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

The deadline for submitting ITR for FY 2024-25 is September 15, 2025 and this means eligible taxpayers should claim eligible ...

As per Union Budget 2025, there will be no I-T on income up to ₹12 lakh a year under New Tax Regime; ... NIL, but it’s not and there are other slabs in between, with specific rates.