An investor’s blunt post on India’s tax burden has reignited criticism of the country’s indirect tax structure, drawing attention to the compounding effects of GST and levies on high-end purchases. “If buy any SUV in India, you have to pay over 50% in taxes to the government of India,” wrote investor A K Mandhan on … Read more
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
New Income Tax bill 2025: Finance Minister Nirmala Sitharaman on Saturday announced that the New Income Tax bill will be presented in the Parliament next week, after which it will be reviewed by a parliamentary committee. She added that the Reserve Bank of India (RBI) and the government will collaborate closely on various economic matters, … Read more
Retirement is a crucial period in one’s life, and it is important for individuals, whether they are self-employed or salaried employees, to prioritise financial security in their golden years. Many financial experts emphasize the importance of tax saving in financial planning for individuals of all income levels, including senior citizens. It is essential to consider … Read more