Finance Minister Nirmala Sitharaman has brought big cheer for middle class taxpayers - it’s a bonanza like never b ...

The new tax regime is the default tax regime. Currently, the highest tax rate of 30% is applicable from net taxable income ...

Budget 2025 income tax slab changes FY 2025-26: Finance Minister Nirmala Sitharaman presented Budget 2025 addressing the ...

Income tax on cryptocurrency transaction. After Budget 2025 there is no change in taxation of cryptocurrencies as they ...

According to experts, even if an additional 5% of people opt to buy new vehicles, it may bring a huge boost to sector. This ...

Budget 2025 LIVE updates: Union Finance Minister Nirmala Sitharam's budget speech begins, and she will be introducing the ...

With the new tax slabs, the standard deduction of ₹75,000, over and above the ₹12 lakh limit under the new tax regime, furthers the agenda of driving up savings, investments and consumption.

Budget 2025 has made income up to ₹12 lakh effectively tax-free under the new tax regime. The Finance Minister increased the ...

These amendments aim to eliminate ambiguity and ensure uniformity in calculating the limitation period for tax proceedings. Most of the changes will take effect from April 1, 2025, while some ...

Currently, about 74-75 per cent of taxpayers file their returns under the new income tax regime, the official said citing government data.

In terms of GST-specific amendments, Budget 2025 also focused on pre-deposit amounts for GST appeals, reducing penalties for E-way bill violations and introducing a 10% penalty for other infractions.

The CBDT Chairman also cited the new tax regime (NTR), where there are no deductions or exemptions allowed like the old ...