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The middle class and tax payers are expected to get relief in the general budget. Consideration may be given to giving the husband and wife the option to file income tax returns jointly. The Institute of Chartered Accountants of India has suggested that married couples file a single return, in which tax slabs and exemptions…
New Delhi: Industry leaders welcomed the recently announced GST reforms, which reduce the number of tax slabs, stating that it will make tax compliance easier while also directly benefiting consumers through lower prices. Jharkhand Chamber of Commerce Joint Secretary Navjot Alang Rubal said that the reduction of the number of slabs from four to two…
New Delhi6 minutes ago Copy link Finance Minister Nirmala Sitharaman introduced the Income Tax Bill in the Lok Sabha on 13 February 2025. The new Income Tax Act 2025 has received the President’s approval. On August 21, the central government has notified new rules. From 1 April 2026 it will replace the old law of…
Last Updated:August 17, 2025, 23:50 is PM Narendra Modi said the revised GST framework proposed by the Centre has been circulated among states. He sought their cooperation to implement the proposal before Diwali PM Narendra Modi had announced the proposal to reform the GST law during his Independence Day speech on August 15 from the…
Last Updated:November 23, 2024, 5:53 PM IST For a Rs 10 lakh income, the new tax regime saves Rs 25,900 in taxes. However, the old regime benefits more if deductions are maximised Taxpayers should make the right choice based on their income, expenses and investment plans. (Representative/Shutterstock) In the budget for the financial year 2024-25,…