Manoj Purohit, Partner at BDO India’s Tax and Regulatory Services, commented that this change addresses a long-standing need ...

India’s Union Budget 2025-2026 is designed to boost short-term consumption, according to an official of LuLu Financial Holdings. Adeeb Ahamed, managing director, said ...

Finance Minister Nirmala Sitharaman on Friday proposed to double the limit for Tax Deduction at Source (TDS) on interest income for senior citizens to Rs 1 lakh, and also increase the threshold to Rs ...

The Budget speech had something for everyone, with significant tax relief for the middle class and senior citizens.

In a huge relief to the middle class, Union Finance Minister Nirmala Sitharaman on Saturday announced an increased income tax exemption for people with income up to Rs 12 lakh per annum.Presenting the ...

Finance Minister Nirmala Sitharaman reveals income tax cuts for the middle class, raising exemption thresholds and benefiting ...

Finance Minister Nirmala Sitharaman on Saturday announced significant income tax cuts for the middle class and unveiled a blueprint for next generation reforms for Viksit Bharat as she treaded a fine ...

Finance Minister Nirmala Sitharaman announces tax revisions to boost household consumption and ease tax compliance for small ...

The upcoming bill is expected to replace the 64-year-old Income Tax Act, enhancing transparency and easing tax compliance. While the budget did not introduce direct changes to startup tax regimes, it ...

The FM emphasised that the new Income-Tax Bill will uphold the spirit of “Nyaya” (fairness). An immediate test lies in how ...

FM Nirmala Sitharaman said that no income tax will need to be paid on annual income of up to Rs 12 lakh under the new tax regime.

The new tax regime, which is already the preferred choice of the country's 72% taxpayers, has been made more lucrative with additional tax slabs and lowering of taxation rates.