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FAQs: Government Answers Your Questions On New Income Tax Regime
The government today cut personal income tax rates for some sections of taxpayers in a bid to boost consumption.
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Tax Breakdown: How Much Relief Will Those Earning Up To Rs 25 Lakh Get
The government has revised the slabs and rates under the new regime to reduce taxes and leave taxpayers with more money in their hands. The government believes this will help domestic consumption and boost savings and investment.
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No Income Tax Up To Rs 12 Lakh: Internet Flags Questions, Confusion
Finance Minister Nirmala Sitharaman announced revised tax slabs and rates under the new regime to reduce the burden for all taxpayers.
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Budget 2025: Slabs Revised For New Regime, No Tax On Income Up To Rs 4 Lakh
Good news for the middle class. Finance Minister Nirmala Sitharaman has announced a revised tax slabs and rates under the new regime to reduce the burden for all taxpayers.
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Big Budget Boost For Middle Class: No Income Tax Up To Rs 12 Lakh
Giant Tax Relief For Middle Class: No Income Tax On Income Up To Rs 12 Lakh
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Budget 2025: Nirmala Sitharaman Says Will Introduce New Income Tax Bill Next Week
A new income tax bill - a direct tax code meant to simplify compliance for individual taxpayers - will be introduced next week, Finance Minister Nirmala Sitharaman said Saturday as she presented the Union Budget 2025.
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Union Budget 2025: Tax Deduction Terms You Should Know Ahead Of Budget
Tax Deductions: A tax deduction is an expense or expenditure that can be subtracted from an individual's or business's total income, resulting in a lower taxable income.
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India Inc Seeks Cut In Personal Income Tax Rates At Pre-Budget Meet
Industry bodies also raised the issue of dumping of excess stock by China globally, including in India, and challenges posed to food security and inflation due to the "climate emergency", during the fifth pre-Budget consultation meeting.
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Japan’s Financial Regulator May Cut Crypto Tax, Encourage Investors to Engage with VDAs
In Japan, crypto-generated earnings are currently taxed between 15 and 55 percent. However, authorities are considering reducing this tax rate to a flat 30 percent for corporate investors and 20 percent for individual investors in FY 2025.
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Deadline Over, Pay Higher Tax If You Haven't Done This
Under Section 206AA and 206CC, failure to link will result in twice the usual TDS rate and other financial consequences.
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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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Parliament Passes Bill to Levy 28 Percent GST on Online Games; Offshore Gaming Firms to Need Registration
Parliament on Friday approved amendments to the Central and Integrated GST laws to levy 28 percent tax on the full face value of bets in online gaming, casinos and horse race clubs. The CGST amendment bill defines 'online gaming' as a game on the internet or an electronic network.
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Income Tax Rates Should Increase Consumption: Automobile Industry Praises Union Budget 2023
Automotive Component Manufacturers Association President Sunjay J Kapur said the budget is a blueprint of a digitally enabled Aatmanirbhar Bharat, coupled with measures that will drive sustainable yet inclusive growth at a rapid pace.
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India Should Consider Lowering TDS Rate on Cryptocurrency Trade to Stem Flight of Capital, Users: Report
India should consider lowering the 1 percent TDS imposed on cryptocurrency transactions, according to a joint report Chase India and Indus Law. The government, from April 1 last year, has brought in a 30 per cent income tax plus surcharge and cess on transfer of virtual digital assets (VDAs), including cryptocurrencies, like Bitcoin, Ethereum, Teth...
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Centre Planning Lowering Rates In New Income Tax Structure: Report
"Allowing exemptions and tax deductions in the new income tax regime would make it complex and this wasn't the intention while introducing the scheme," said one of the government sources.
-
FAQs: Government Answers Your Questions On New Income Tax Regime
The government today cut personal income tax rates for some sections of taxpayers in a bid to boost consumption.
-
Tax Breakdown: How Much Relief Will Those Earning Up To Rs 25 Lakh Get
The government has revised the slabs and rates under the new regime to reduce taxes and leave taxpayers with more money in their hands. The government believes this will help domestic consumption and boost savings and investment.
-
No Income Tax Up To Rs 12 Lakh: Internet Flags Questions, Confusion
Finance Minister Nirmala Sitharaman announced revised tax slabs and rates under the new regime to reduce the burden for all taxpayers.
-
Budget 2025: Slabs Revised For New Regime, No Tax On Income Up To Rs 4 Lakh
Good news for the middle class. Finance Minister Nirmala Sitharaman has announced a revised tax slabs and rates under the new regime to reduce the burden for all taxpayers.
-
Big Budget Boost For Middle Class: No Income Tax Up To Rs 12 Lakh
Giant Tax Relief For Middle Class: No Income Tax On Income Up To Rs 12 Lakh
-
Budget 2025: Nirmala Sitharaman Says Will Introduce New Income Tax Bill Next Week
A new income tax bill - a direct tax code meant to simplify compliance for individual taxpayers - will be introduced next week, Finance Minister Nirmala Sitharaman said Saturday as she presented the Union Budget 2025.
-
Union Budget 2025: Tax Deduction Terms You Should Know Ahead Of Budget
Tax Deductions: A tax deduction is an expense or expenditure that can be subtracted from an individual's or business's total income, resulting in a lower taxable income.
-
India Inc Seeks Cut In Personal Income Tax Rates At Pre-Budget Meet
Industry bodies also raised the issue of dumping of excess stock by China globally, including in India, and challenges posed to food security and inflation due to the "climate emergency", during the fifth pre-Budget consultation meeting.
-
Japan’s Financial Regulator May Cut Crypto Tax, Encourage Investors to Engage with VDAs
In Japan, crypto-generated earnings are currently taxed between 15 and 55 percent. However, authorities are considering reducing this tax rate to a flat 30 percent for corporate investors and 20 percent for individual investors in FY 2025.
-
Deadline Over, Pay Higher Tax If You Haven't Done This
Under Section 206AA and 206CC, failure to link will result in twice the usual TDS rate and other financial consequences.
-
"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.
-
Parliament Passes Bill to Levy 28 Percent GST on Online Games; Offshore Gaming Firms to Need Registration
Parliament on Friday approved amendments to the Central and Integrated GST laws to levy 28 percent tax on the full face value of bets in online gaming, casinos and horse race clubs. The CGST amendment bill defines 'online gaming' as a game on the internet or an electronic network.
-
Income Tax Rates Should Increase Consumption: Automobile Industry Praises Union Budget 2023
Automotive Component Manufacturers Association President Sunjay J Kapur said the budget is a blueprint of a digitally enabled Aatmanirbhar Bharat, coupled with measures that will drive sustainable yet inclusive growth at a rapid pace.
-
India Should Consider Lowering TDS Rate on Cryptocurrency Trade to Stem Flight of Capital, Users: Report
India should consider lowering the 1 percent TDS imposed on cryptocurrency transactions, according to a joint report Chase India and Indus Law. The government, from April 1 last year, has brought in a 30 per cent income tax plus surcharge and cess on transfer of virtual digital assets (VDAs), including cryptocurrencies, like Bitcoin, Ethereum, Teth...
-
Centre Planning Lowering Rates In New Income Tax Structure: Report
"Allowing exemptions and tax deductions in the new income tax regime would make it complex and this wasn't the intention while introducing the scheme," said one of the government sources.
