Income taxpayers can now compare sections of the Income Tax Act, 1961 with the simplified Income Tax Bill of 2025 via the tax ...

These rates apply to your taxable income. Your taxable income is your income after various deductions, credits, and exemptions have been applied. There are also various tax credits, deductions and ...

In Capital Property Consultants Vs ACIT, the Delhi High Court dealt with the issuance of multiple notices under Section 148A(b) of the Income Tax Act, 1961, highlighting procedural lapses by the ...

ITAT Agra held that merely uploading of the communication in the Income Tax department e-portal is not sufficient mode of communication in view provisions of Section 282 of the 1961 Act and Rule 127 ...

The disability tax credit (DTC) is a non-refundable tax credit that helps people with disabilities, or their supporting family member, reduce the amount of income tax they may have to pay. If you have ...

The Quad Cities Chamber is calling its members to action as federal policy changes threaten to disrupt its member businesses, ...

Salaried individuals can achieve zero tax on annual income up to ₹13.7 lakh through standard deductions and investments in ...

Live: Union finance minister Nirmala Sitharaman presented the first full budget of Modi government 3.0. Sitharaman announced ...

To avail the benefit, individuals simply need to file their Income ... now enjoy zero tax liability on incomes up to Rs 12 lakh. This change is expected to benefit a large section of middle ...

Finance Minister Nirmala Sitharaman overhauled income tax rates and slabs in Budget 2025-26 to bring relief to the salaried middle class. Here's how much you will be saving now if you are in the new ...

Previously, under the new tax regime, an individual earning ₹12 lakh was required to pay ₹80,000 in income tax. With the latest changes, this tax liability has been reduced to NIL. 6. How much extra ...