Corporate tax for most domestic companies remains at 22%. New manufacturing companies (registered after Oct 2019) can still enjoy a special 15% rate. GST return filing is stricter — make sure your ...

Under the new income tax regime, taxpayers can now avail of a standard deduction of up to Rs 75,000, which makes an annual ...

The new tax regime also offers a higher standard deduction. Last year, it was raised from Rs 50,000 to Rs 75,000 for salaried ...

Salaried and self-employed individuals can use HRA exemption under Section 10 (13A) and Section 80GG, respectively. HRA helps ...

The revisions introduced under the new tax regime is aimed to make the new regime easier, cut down on paperwork, and minimise the confusion many individuals experience in filing their returns.

The old tax regime offers more deductions and exemptions compared to the new tax regime, making it a preferred choice for individuals who can take advantage of these benefits. Additionally, the Budget ...

The burden on a small minority, he suggests, becomes unbearable when taxpayers are confronted with “massive corruption, lazy people unwilling to work… and poor quality of life.” ...

You can switch between the old and new tax regimes only if you file your ITR on or before the due date. If you miss the ...

The income tax department has issued two notifications specifying the list of luxury goods on which tax will be collected at ...

TDS, or Tax Deducted at Source, is a system designed to collect tax at the very point where income is generated.

ITR Filing: To make payment of tax hassle-free, the Income Tax Department has introduced the ‘e-Pay Tax’ feature on its official online portal. According to the tax department, this will ...