Income Tax Exemption
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Finance Ministry Exempts Aadhaar Body UIDAI From Payment Of Income Tax
The finance ministry has exempted the income of Unique Identification Authority of India (UIDAI) from payment of income tax for five years till fiscal 2027-28.
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Why People In This Indian Hill Paradise Need Not Pay Income Tax
As the rest of India scrambled to meet the July 31 deadline for filing Income Tax Returns (ITR), one state remained blissfully exempt from the tax frenzy - Sikkim.
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How To Maximise Your Tax Savings With The New Tax Regime
The Indian tax system for FY 2024-2025 maintains existing income tax slabs, allowing taxpayers to choose between old and new regimes.
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"No New Change In Tax Regime": Government Explains What Changes From Today
In a detailed note, the ministry explained that the new tax regime has low rates but fewer exemptions and deductions.
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Recovery Of Rs 135 Crore From Congress As Per Income Tax Laws: Report
The Congress lost income tax exemption in 2018-19 due to extensive use of cash in the electoral process, sources said, justifying that Rs 135 crore tax recovery from the party was consistent with the provisions of the Income Tax Act.
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Interim Budget 2024: How To Calculate Taxes Under Old And New Tax Regimes
With the Interim Budget just days away, all eyes are on Finance Minister Nirmala Sitharaman for tax waivers or enhancement of income tax exemption limits.
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New Guidelines For Tax Exemptions On High-Premium Life Insurance Policies
The Income Tax department has prescribed a mechanism for calculating income proceeds from life insurance policies where aggregate annual premium exceeds Rs 5 lakh.
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Israel Follows UK to Exempt Foreigners from Paying Taxes on Crypto Gains: Details
Israel aims to paint its picture as a pro-crypto nation to attract investors to engage with its economy. To do so, the country is mulling if Israel should exempt foreigner residents from paying taxes on incomes derived from the sale of crypto assets.
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Tax-Free Leave Encashment Limit After Retirement Raised To Rs 25 lakh
In line with the Budget announcement, the finance ministry on Thursday hiked the tax exemption limit for leave encashment upon retirement for private sector salaried employees to Rs 25 lakh.
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Centre Proposes Changes To Tax On Angel Investors In Unlisted Entities
The Income Tax Department on Friday proposed to exempt Sebi-registered FPIs, pension funds and SWFs from the purview of angel tax.
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CBSE Exempted From Paying Income Tax From 2020 To 2025
The Finance Ministry has exempted the Central Board of Secondary Education (CBSE) from paying income tax on earnings from examination fees, sale of text books and publications, besides others
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Sikkim Activist Attacked Before Protest Over Tax Exemption To Old Settlers
An activist was assaulted on Saturday while protesting against income tax exemption to old settlers in Sikkim. The incident sparked violence in Singtam, prompting the authorities to banned large gatherings.
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Income Tax: Know About The Rules Coming Into Effect From April 1
The new tax regime will have none of the usual exemptions on insurance premium, mutual funds and other such investments.
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Aadhaar-PAN Linking: These Individuals Are Exempt From This Mandate
Every person who has been given a permanent account number must link their PAN with their Aadhaar, but some categories are excluded from the requirement.
-
Budget 2023 Proposes Taking Away Income Tax From News Agencies
The Union Budget on Wednesday proposed removing the exemption from paying income tax by news agencies.
-
Finance Ministry Exempts Aadhaar Body UIDAI From Payment Of Income Tax
The finance ministry has exempted the income of Unique Identification Authority of India (UIDAI) from payment of income tax for five years till fiscal 2027-28.
-
Why People In This Indian Hill Paradise Need Not Pay Income Tax
As the rest of India scrambled to meet the July 31 deadline for filing Income Tax Returns (ITR), one state remained blissfully exempt from the tax frenzy - Sikkim.
-
How To Maximise Your Tax Savings With The New Tax Regime
The Indian tax system for FY 2024-2025 maintains existing income tax slabs, allowing taxpayers to choose between old and new regimes.
-
"No New Change In Tax Regime": Government Explains What Changes From Today
In a detailed note, the ministry explained that the new tax regime has low rates but fewer exemptions and deductions.
-
Recovery Of Rs 135 Crore From Congress As Per Income Tax Laws: Report
The Congress lost income tax exemption in 2018-19 due to extensive use of cash in the electoral process, sources said, justifying that Rs 135 crore tax recovery from the party was consistent with the provisions of the Income Tax Act.
-
Interim Budget 2024: How To Calculate Taxes Under Old And New Tax Regimes
With the Interim Budget just days away, all eyes are on Finance Minister Nirmala Sitharaman for tax waivers or enhancement of income tax exemption limits.
-
New Guidelines For Tax Exemptions On High-Premium Life Insurance Policies
The Income Tax department has prescribed a mechanism for calculating income proceeds from life insurance policies where aggregate annual premium exceeds Rs 5 lakh.
-
Israel Follows UK to Exempt Foreigners from Paying Taxes on Crypto Gains: Details
Israel aims to paint its picture as a pro-crypto nation to attract investors to engage with its economy. To do so, the country is mulling if Israel should exempt foreigner residents from paying taxes on incomes derived from the sale of crypto assets.
-
Tax-Free Leave Encashment Limit After Retirement Raised To Rs 25 lakh
In line with the Budget announcement, the finance ministry on Thursday hiked the tax exemption limit for leave encashment upon retirement for private sector salaried employees to Rs 25 lakh.
-
Centre Proposes Changes To Tax On Angel Investors In Unlisted Entities
The Income Tax Department on Friday proposed to exempt Sebi-registered FPIs, pension funds and SWFs from the purview of angel tax.
-
CBSE Exempted From Paying Income Tax From 2020 To 2025
The Finance Ministry has exempted the Central Board of Secondary Education (CBSE) from paying income tax on earnings from examination fees, sale of text books and publications, besides others
-
Sikkim Activist Attacked Before Protest Over Tax Exemption To Old Settlers
An activist was assaulted on Saturday while protesting against income tax exemption to old settlers in Sikkim. The incident sparked violence in Singtam, prompting the authorities to banned large gatherings.
-
Income Tax: Know About The Rules Coming Into Effect From April 1
The new tax regime will have none of the usual exemptions on insurance premium, mutual funds and other such investments.
-
Aadhaar-PAN Linking: These Individuals Are Exempt From This Mandate
Every person who has been given a permanent account number must link their PAN with their Aadhaar, but some categories are excluded from the requirement.
-
Budget 2023 Proposes Taking Away Income Tax From News Agencies
The Union Budget on Wednesday proposed removing the exemption from paying income tax by news agencies.
