Income Tax Changes

Earlier, a salaried employee earning Rs 10 lakh per annum was supposed to pay an income tax of roughly Rs 52,500 under the new regime. Under the revised tax slabs in the new tax regime, he/she will have to pay around Rs 42,500.

Finance Minister Nirmala Sitharaman today presented the government's first budget after the recently concluded Lok Sabha Elections.

In a bid to bolster the Indian startup ecosystem, the Centre today announced the abolishment of angel tax for all classes of investors.

Finance Minister Nirmala Sitharaman will present the Budget in parliament from 11 am today, and the most anticipation is around whether the government will provide tax relief to the middle class.

Budget 2024: This budget, marking Sitharaman's seventh consecutive presentation and surpassing Morarji Desai's record, will include proposed changes in income tax and measures to enhance business ease.

Finance Minister Nirmala Sitharaman on Friday refuted a media report claiming that major changes in the income tax system would be introduced when the new government assumes office after the ongoing Lok Sabha elections.

The Finance Ministry today said that there is no change in the new Income Tax regime for individuals in the financial year 2024-25, starting today.

The finance ministry on Monday said there is no change in the new income tax regime for individuals for the current fiscal year and individual taxpayers can opt out of the regime at the time of filing their ITR.

In a detailed note, the ministry explained that the new tax regime has low rates but fewer exemptions and deductions.

Congress leader Rahul Gandhi today promised the party will take exemplary action against those who have destroyed democracy - "when the government changes" - after the party received a Rs 1,800 crore income tax notice which it called "tax terrorism".

Income Tax Rule: April 1 marks the beginning of a new financial year and it is always significant from a personal finance point of view as most of the Budget proposals on income tax take into effect from this day.

There will be no change to income tax slabs, Union Finance Minister Nirmala Sitharaman said Thursday morning, as she read out a statement of the country's finances in a special session of Parliament.

Finance Minister Nirmala Sitharaman today presented Union Budget 2024 in Parliament. This was an interim budget as it came just ahead of the Lok Sabha Elections. No changes were announced in the tax slabs in both old and new regime. 

All eyes, from captains of industry to the common man, will be on Union Finance Minister Nirmala Sitharaman, who will present Interim Budget 2024 in Parliament today. Salaried taxpayers are hoping for changes in income tax slabs and higher deductions

PM Modi asserted that his government has changed the perception that the tax paid by citizens is squandered in corruption and said the 16% increase in the number of people filing tax returns this year shows the growth of trust in the dispensation.

Earlier, a salaried employee earning Rs 10 lakh per annum was supposed to pay an income tax of roughly Rs 52,500 under the new regime. Under the revised tax slabs in the new tax regime, he/she will have to pay around Rs 42,500.

Finance Minister Nirmala Sitharaman today presented the government's first budget after the recently concluded Lok Sabha Elections.

In a bid to bolster the Indian startup ecosystem, the Centre today announced the abolishment of angel tax for all classes of investors.

Finance Minister Nirmala Sitharaman will present the Budget in parliament from 11 am today, and the most anticipation is around whether the government will provide tax relief to the middle class.

Budget 2024: This budget, marking Sitharaman's seventh consecutive presentation and surpassing Morarji Desai's record, will include proposed changes in income tax and measures to enhance business ease.

Finance Minister Nirmala Sitharaman on Friday refuted a media report claiming that major changes in the income tax system would be introduced when the new government assumes office after the ongoing Lok Sabha elections.

The Finance Ministry today said that there is no change in the new Income Tax regime for individuals in the financial year 2024-25, starting today.

The finance ministry on Monday said there is no change in the new income tax regime for individuals for the current fiscal year and individual taxpayers can opt out of the regime at the time of filing their ITR.

In a detailed note, the ministry explained that the new tax regime has low rates but fewer exemptions and deductions.

Congress leader Rahul Gandhi today promised the party will take exemplary action against those who have destroyed democracy - "when the government changes" - after the party received a Rs 1,800 crore income tax notice which it called "tax terrorism".

Income Tax Rule: April 1 marks the beginning of a new financial year and it is always significant from a personal finance point of view as most of the Budget proposals on income tax take into effect from this day.

There will be no change to income tax slabs, Union Finance Minister Nirmala Sitharaman said Thursday morning, as she read out a statement of the country's finances in a special session of Parliament.

Finance Minister Nirmala Sitharaman today presented Union Budget 2024 in Parliament. This was an interim budget as it came just ahead of the Lok Sabha Elections. No changes were announced in the tax slabs in both old and new regime. 

All eyes, from captains of industry to the common man, will be on Union Finance Minister Nirmala Sitharaman, who will present Interim Budget 2024 in Parliament today. Salaried taxpayers are hoping for changes in income tax slabs and higher deductions

PM Modi asserted that his government has changed the perception that the tax paid by citizens is squandered in corruption and said the 16% increase in the number of people filing tax returns this year shows the growth of trust in the dispensation.