Union Budget 2022-23: Expectations on changes in income tax slabs and rates

Jan 30, 2022

New Delhi [India], January 30 : One of the most keenly awaited announcements in the union budget every year is related to personal taxation....

A hike of 2 lakhs in the erstwhile 5 lakhs tax rebate ceiling; taxpayers opting for the New scheme to enjoy 0 payable income tax upto 7 lacs

Feb 07, 2023

New Delhi [India], February 7 (ANI/SRV): The announcement of the revised tax slabs, presented in the Union Budget 2023 by the Finance Minister, Nirmala...

Sitharaman says "numbers speak for themselves" as Indians increasingly opting new tax regime

Aug 21, 2024

In the Budget for 2020-21, the government, in order to provide relief to individual taxpayers and to simplify the income-tax law, had proposed to...

Budget 2022 tax proposals cheer industry, no change in income tax rates

Feb 01, 2022

New Delhi [India], February 1 : The Union Budget presented on Tuesday did not change the income tax rates for the fiscal year...

Experts do not expect any major income tax relief in Budget

Jan 28, 2021

New Delhi [India], January 28 : Salaried class or middle class might be disappointed from the Union Budget, which Finance Minister Nirmala Sitharaman is...

Taxpayers aged between 18 to 35 years filed 2,09,06,829 ITRs till Jan 31: Centre

Feb 07, 2023

As per Income-tax Act, 1961, tax is calculated and collected based on total income returned in Income tax Returns (ITR).