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6 mins read

Budget 2024-25: New tax regime sweetened by FM, hikes standard deduction to Rs 75,000

​More than two-thirds of taxpayers have availed of the new Income Tax regime, as per Nirmala Sithar…

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1 min read

Crorepatis rising: Here’s how the income of Indian tax filers has changed in one year

Here’s how much income Indians have earned in FY23 as per the Income Tax Department.

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4 mins read

Budget Expectations: Time to revise tax slabs and deduction limits for personal tax payers

It is that time of the year again. Finance minister Nirmala Sitharaman is all set to deliver the bu…

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2 mins read

Comprehensive review of the IT Act imminent in 6 months, notes revenue secretary

​​Malhotra explained the government's rationale behind this proviso, noting that buyback does not f…

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4 mins read

India’s Income Tax Burden: Mere 0.3% of adult population account for 76% of total personal IT receipts

Data shows that currently India has 66.5 million individuals who pay personal income tax, which is …

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2 mins read

Revamped income tax portal: Five new features we like the most

The new and revamped income tax portal is here and a visit shows a completely new look design which…

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3 mins read

Here’s why there is less adoption of the new tax regime and how budget 2022 can make it more attractive

In last year’s union budget, India’s finance minister Nirmala Sitharaman had announced a new tax re…

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1 min read

Direct tax collections surge 35% but fall short of estimates

Gross direct tax collections stood at Rs 6.48 lakh crore till September 8, which is 35.46 per cent …

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2 mins read

FM Nirmala Sithraman keeps tax slabs unchanged

As expected and in relief for the citizens, the central government neither tweaked nor put any addi…

ANI   


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What did the Budget 2021 have in store for tax payers?

What did the Budget 2021 have in store for tax payers?

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1 min read

Warren Buffett's Berkshire Hathaway looks likely to be a top payer of Biden's new corporate tax, study finds

Biden's 15% minimum corporate tax means Berkshire Hathaway would've paid $8.3 billion, based on the…

Zahra Tayeb   


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3 mins read

Tax man introduces ITR 1 and ITR 4 forms – Here’s what it means

The Central Board of Direct Taxes (CBDT) has revealed the Income Tax Return (ITR) Forms 1 and 4 for…

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1 min read

Clarification on income tax payable by Indians employed in other countries

Finance minister Nirmala Sitharaman in her Budget for 2020-21 had proposed to tax Non-resident In…

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5 mins read

Checkout Income Tax slab post Budget 2020

The new tax slabs increase the minimum taxable lim…

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6 mins read

Current Income Tax Slab For 2019-20 (Income Tax Brackets In 2019-20)

For earnings up to 5 lakhs in a year, no income tax is applicable. The exemption allowed on …

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1 min read

Deadline for PAN-Aadhaar linkage extended till March 2022

The earlier deadline was till September 30. Accordingly, the decision came as a relief measur…

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2 mins read

India already has 7.5 million new tax filers, but it’s aiming for 12.5 million by the end of this financial year

Just because you file an income tax return, doesn’t necessarily mean that you’re a new taxpa…

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4 mins read

Employer-based health insurance was a failure during the pandemic. Here's how single-payer healthcare could do better.

Nearly 20% of the United States' annual GDP is tied up in healthcare costs, yet approximately 30 mi…

Paul Constant   


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3 mins read

New income tax slabs 2020, income up to ₹5 lakh exempt

New tax slabs have been proposed by the Direct Tax Code panel to boost consumption and investment. …

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4 mins read

Income Tax Slab For Filing ITR (Income Tax Return)

In the budget announced in 2018, the total cess on income tax increased by 4%. However, the income…