ITR-U is a form that lets taxpayers update their income tax returns if they missed filing the original or belated return or ...

The Brihanmumbai Municipal Corporation (BMC) on Tuesday proposed a budget of Rs 74,427.41 crore for the financial year ...

The most striking features of this Budget was its focus on simplification and improving the ease of doing business in India, asserts Kaku Nakhate.

Taxpayers opting for the concessional tax regime with an income of Rs. 12 lakhs will get a benefit of Rs. 80,000 in tax, ...

For senior citizens investing in fixed deposits, the threshold for TDS on interest income exceeding Rs 50,000 was raised to ...

Under the new tax regime, the government has also introduced new tax slabs, lowering the tax burden on middle-income earners.

Market experts widely expect a 25-basis-point (bps) cut in the repo rate, citing the government’s growth-focused policies and ...

With the proposed changes, NPTR will now become far more appealing for individuals as it would mean availing beneficial tax ...

“Higher-income individuals also benefit. For instance, a taxpayer with Rs 16 lakh income will now save Rs 50,000 annually.

The Budget 2025 brings major tax relief for the middle class, making the new tax regime more attractive. From higher exemptions to simplified compliance, the reforms aim to boost savings, investment, ...

Budget 2025 provided tax relief for taxpayers, but the government also maintained its fiscal deficit target at 4.4% of GDP.

The latest clarification classifies ULIPs as capital assets, with proceeds taxed under ‘capital gains’ instead of ‘income from other sources’ like earlier ...