As the tax filing season approaches, it is essential for senior citizens and super senior citizens to select the correct Income Tax Return (ITR) form, ensuring compliance and maximising benefits.…
At the start of each fiscal year, salaried employees are confronted with significant decisions from their employers. In addition to selecting between the new and old tax regimes, this year,…
ITR filing 2025: When it comes to paying taxes on equities, you are only required to pay income tax when you decide to sell your holdings. This means that while…
The Marginal Tax Rate refers to the tax rate that applies to each tax bracket in a taxpayer's income or other taxable income for which they qualify. It is the…
The Centre has introduced the 2025 New Income Tax Bill in an effort to streamline and simplify the current tax regulations. The new I-T Bill 2025 stated that the existing…
Income Tax Bill 2025 was introduced in a bid to simplify the tax filing process by reducing provisions and acts. Taxpayers can now compare the sections of the Income Tax…
The deduction for inter-corporate dividends for companies choosing the 22% tax rate, as authorized by the Income Tax Act of 1961, has been removed in the Income Tax Bill 2025. …
Income Tax Bill 2025: The recently introduced Income Tax Bill 2025 contains several modifications to the taxation process and calculation of taxable income. A significant alteration in the updated tax…
Union Finance Minister Nirmala Sitharaman will present the new Income Tax Bill 2025 in the Lok Sabha today. This bill, designed to make tax regulations more accessible to the general…
The Union Cabinet is expected to approve the new Income Tax Bill on Friday, February 7, which could result in its introduction in the Lok Sabha early next week, government…