This significant revision, part of the government’s effort to ease the tax burden on salaried individuals, marks a sharp increase from the previous tax-free threshold of Rs 7 lakh.

The Indian EV market, which is still at a nascent stage, is currently driven by two-wheelers and three-wheelers as opposed to ...

As per the updated structure, individuals earning up to Rs 12 lakh per annum will not have to pay any income tax, offering a substantial benefit compared to previous years ...

3.EV, phone batteries: 35 new goods for electronic vehicle (EV) battery production and 28 new goods for mobile phone battery production will be included in the list of exempted capital goods. 4.Frozen ...

The new tax regime applies to individuals, Hindu Undivided Families (HUFs), associations of persons, and artificial juridical persons. All eligible taxpayers in these categories stand to benefit from ...

According to the Union Budget document released on February 1, the government is reducing BCD from 2.5% to nil on sub-parts used in the manufacturing of PCBAs, camera modules, connectors, wired ...

Finance Minister Sitharaman announced a substantial tax benefit, ensuring that individuals earning up to Rs 12 lakh annually ...

FM Nirmala Sitharaman will continue to hold the record of presenting the most budgets on a trot - eight straight budgets ...

The new tax regime allows a salaried individual to claim a standard deduction of Rs 75,000 from the salary income. There is ...

Nirmala Sitharaman said the income tax changes will cost the government more than 1 trillion rupees in revenue.

As per the Budget memorandum, the government has proposed amendment to Sub-Section 2 of Section 23 of Income Tax Act, which ...

Finance Minister Nirmala Sitharaman has announced new income tax slabs in the New Tax Regime. We take a look at from when this is its applicable for salaried individuals, and other details.