Ravi Agrawal, in a post-Budget interview, pointed out that the income tax payment provisions announced in Budget 2025 not only benefit those who earn Rs 12 lakh per annum, but across all income ...

Under the proposed Union Budget 2025, a ₹60,000 rebate applies to incomes up to ₹12 lakh, enhancing the attractiveness of the ...

Budget 2025 extends the time limit for filing updated ITRs from 24 months to 48 months, but taxpayers filing late may have to ...

The Finance Minister has adjusted tax slabs for the middle class in the new tax regime, offering greater savings and tax ...

The Union Budget 2025-26 has delivered the largest tax exemption hike in two decades, allowing individuals earning up to Rs 12 lakh annually to pay zero income tax under the new regime. This move aims ...

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

In a post-Budget interview exclusively to PTI, Agrawal said the government's and the Income-Tax Department's philosophy and approach is to ensure a 'non-intrusive' tax administration in the country ...

The Finance Bill 2025 proposes extending the tonnage tax scheme to inland vessels, registered under the Inland Vessels Act, 2021, in an effort to boost India’s inland water transportation industry.

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

“For a person earning Rs 12,10,000, in the absence of marginal relief, the tax would amount to ₹61,500 (5% of ₹4 lakh + 10% ...

Among the most significant announcements was the introduction of a new income tax regime that exempts individuals earning up to Rs1.2 million from tax ...