“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, ...

Those earning between Rs 12 lakh and Rs 24 lakh (or Rs 24.75 lakh for salaried individuals) will pay 25-31% less tax.

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

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 ...

Union Budget raising the income tax exemption limit to Rs 12 lakh is expected to give a big boost to the demand of 2-wheelers ...

State lawmakers are back in Montgomery on Tuesday to discuss a number of hot-button issues in the legislative session.