Tax deduction limit of state govt employees increased from 10 pc to 14 pc: Sitharaman

Feb 01, 2022

New Delhi [India], February 1 : Union Finance Minister Nirmala Sitharaman on Tuesday said that the state government employees' tax deduction limit has been...

Budget has given new incentives to taxpayers for filing tax returns under the new tax regime

Jul 24, 2024

Under the proposed provisions, if a salaried or a retired taxpayer chooses the new tax regime, he will now get a standard deduction of...

Collected over Rs 700 cr in TDS from online gaming companies, crypto: CBDT chief Nitin Gupta

Oct 10, 2023

The Central Board of Direct Taxes (CBDT) has collected more than Rs 700 crore as Tax Deduction at Source (TDS) this financial year after...

Budget 2023-24: Congress leader Karti Chidamabaram praises tax rebate, colleagues show difference in opinion

Feb 01, 2023

Finance Minister Nirmala Sitharaman declared five major announcements in the new tax regime including an increase in the income tax rebate limit from Rs...

TDS, TCS rates for non-salaried payments reduced by 25 per cent till March 31, 2021

May 13, 2020

New Delhi [India], May 14 : The Union government on Wednesday announced a reduction in the rate of Tax Deduction at Source (TDS) for...

Budget 2023: "What's the benefit of exempting income tax?" Mamata attacks Centre

Feb 01, 2023

Union Finance Minister Nirmala Sitharaman on Wednesday announced an increase in the income tax rebate limit from Rs 5 lakh to Rs 7 lakh...