ITR 2024-25: Are the latest Budget 2025 tax slabs applicable for tax filing in AY 2025-06? Details here

ITR 2024-25: Are the latest Budget 2025 tax slabs applicable for tax filing in AY 2025-06? Details here

Income tax returns: In the Budget 2025, middle-class taxpayers have received some relief. Under the new tax regime announced by Finance Minister Nirmala Sitharaman, individuals earning up to Rs 12 lakh annually will no longer be required to pay any income tax. The exemption limit has been raised, and tax slabs have been adjusted to provide … Read more

Capital Gains Tax: Govt earned around Rs 99,000 cr on listed equities, MoS Finance tells Parliament

Capital Gains Tax: Govt earned around Rs 99,000 cr on listed equities, MoS Finance tells Parliament

The NDA government has earned Rs 98,681 crore from long term capital gains tax on listed equities in 2022-23, which is about 15 per cent growth over the last year, Minister of State for Finance Pankaj Chaudhary told Rajya Sabha on Tuesday.  Chaudhury also shared collections from Long Term Capital Gains (LTCG) tax between fiscal … Read more