The RBI repo rate cut and the government's income tax relaxation are expected to push consumption in the economy to boost growth and ease financial pressure on the Indian households.

The biggest change is the revised tax slab, which ensures that individuals earning up to Rs 12 lakh annually will not have to pay any income tax ...

The new Income Tax Bill, which will replace the six-decade old Income Tax Act of 1961, will make direct tax laws simple to ...

In the Budget 2025, Finance Minister Nirmala Sitharaman increased the income tax rebate limit from Rs 7 lakh to Rs 12 lakh in the New Tax Regime. Effectively, individuals earning up to Rs 12 lakh will ...

The Union Cabinet is expected to approve the new Income Tax Bill today, potentially leading to its introduction in the Lok ...

Recognizing the contributions of the middle class and with an objective to eventually phase out the old tax regime, various ...

A new Income Tax Bill (Bill 2025) is set to be introduced in Parliament next week. The bill is designed to be clear and concise, reducing the length of the existing law by nearly half. Its simplified ...

The flat tax rate contributed to an additional increase in GDP per capita, had a positive impact on broadening the middle ...

In a renewed call for predictability, the Kenya Association of Manufacturers (KAM) on Wednesday said there is need to create ...

Too few citizens are expected to contribute too much to the tax coffers. Yet, the political courage needed to even out a ...

May 4, 2022 The Supreme Court of India, in this case addressed the issue of reassessment notices issued under Section 148 of the Income Tax Act, 1961 in light of the amendments introduced by the ...

Discover how income tax changes from Rs 0 on Rs 12 lakh earnings to Rs 61,500 on Rs 12.1 lakh, with a breakdown of tax rates and amounts.