Tax relief: You’ll get rebate even if capital gains push your total income more than Rs 12.75 lakh, points out Finance Bill, 2025

Tax relief: You’ll get rebate even if capital gains push your total income more than Rs 12.75 lakh, points out Finance Bill, 2025

In Budget 2025, Finance Minister Nirmala Sitharaman unveiled significant income tax savings, giving taxpayers more funds and introducing modifications to the way they compute their obligations. A noteworthy point is that individuals with earnings up to Rs 12 lakh are exempt from paying income tax in the updated taxation system. During her speech, the Finance … Read more

IT Returns 2024: New Income Tax rules introduced in 2023 that would affect you in 2024

IT Returns 2024: New Income Tax  rules introduced in 2023 that would affect you in 2024

New Tax rules 2023: The Government of India announced several new rules for the Income Tax in the Union Budget 2023. One of the significant announcements regarding personal taxation was the declaration of the New Income Tax Regime as the default tax regime. In her Budget speech for 2023-24, Union Finance Minister Nirmala Sitharaman said budget … Read more