New Income Tax Bill 2025 Highlights: Union Finance Minister Nirmala Sitharaman presented the new Income-Tax Bill 2025 in Lok ...
The IRS issued Proposed Regulations last month which provide helpful clarity for employers on how to implement and comply with two new SECURE 2.0 provisions relating to catch-up contributions.
Few federal regulations over the past five years have produced more needless concern by stakeholders than the independent ...
If the bill passes, businesses would be required to phase out payment of subminimum wages to those with disabilities by 2027.
The Budget 2026-27 also seeks to rationalise TDS/TCS provisions to alleviate compliance challenges and other relevant changes ...
In the Budget 2025, Finance Minister Nirmala Sitharaman increased the income tax rebate limit from Rs 7 lakh to Rs 12 lakh in the New Tax Regime. Effectively, individuals earning up to Rs 12 lakh will ...
The Government of India levies tax upon the income of salaried and self-employed citizens of all age groups. Once you figure out which tax slab you fall under as per your tax regime, it becomes easier ...
A key fact is that only 2.2 million individuals have enrolled for the scheme despite it existing for nearly a decade ...
Hence, the basic exemption limit of ... is below the basic exemption limit. These are: a) If the electricity bill paid in a financial year is more than Rs 1 lakh in a financial year b) Expenditure of ...
The Narendra Modi government 3.0 has continued the focus on income tax relief for the salaried class initiated by the NDA government in 2014, breaking away from the UPA's practice of offering ...
The new regime has lower tax rates and a simpler structure but does not allow deductions. On the other hand, the old regime offers deductions and exemptions but has higher tax rates. This has led to ...
For salaried employees, this nil tax limit will be Rs 12.75 lakh per annum ... “The focus on strengthening the middle class through enhanced tax exemptions will put more money in people ...