Daily Latest News
Last Updated:January 13, 2025, 07:01 IST Income Tax Slabs Old vs New Regime: The old tax regime allows taxpayers to claim various tax deductions and exemptions New Tax Regime vs Old Tax Regime Calculator: The choice between the two tax regimes depends on individual circumstances Old Tax Regime vs New Tax Regime: The Finance Act…
New Delhi: The Central Board of Direct Taxes (CBDT) on Thursday issued FAQs to explain the new capital gains tax regime in Budget 2024-25. Q: What are the major changes brought about in the taxation of capital gains by the Union Budget 2024-25? A: The taxation of capital gains has been rationalised and simplified. The…
New Delhi: Finance Minister Nirmala Sitharaman, presenting the Budget 2024 in Parliament made two significant announcements for the employed people to make for those opting for the New Tax Regime. First, the standard deduction for salaried employees is proposed to be increased from Rs 50,000 to Rs 75,000. Similarly, deduction on family pension for pensioners…
New Delhi: Finance Minister Nirmala Sitharaman presented the first budget of Modi 3.0 and middle-class taxpayers were expecting some tax cuts. Their expectations were genuine because the government got bumper non-tax revenue in the form of dividends from RBI and GST collections are also rising. The central government is no longer under any obligation to…
The government will abolish the “angel tax” for all classes of investors, Finance Minister Nirmala Sitharaman announced in her Union Budget 2024 speech today. Source link [ad_3]