The age-old craft of using windmills to to drain lowlands, saw lumber or grind grain is enjoying a renaissance in the ...

Hosting a party can be a lot of fun. The days before are packed with preparation and meal planning, but everything falls into place. Or at least it seems to… right before the realization hits that you ...

Tax on subsequent amount of 4 lakh (from 4 lakh to 8 lakh) Rs 20,000 (being 5% of Rs 4 lakh) Tax on subsequent amount of 4 lakh (from 8 lakh to 12 lakh) Rs 40,000/- (being 10% of Rs 4 lakh) Tax on ...

“The increased threshold for TDS deduction in case of interest other than interest on securities and the allowance of tax-free withdrawals ... The new tax rates and slabs will come into effect ...

*Note- No deduction available except mentioned below. Standard Deduction U/s 16(ia) upto Rs.75,000/-Family Pension U/s 57(iia) upto Rs.25,000/-Deposited in the Agniveer Corpus Fund u/s 80CCH(2) Rebate ...

The initiative aims to restructure the GST slabs for better outcomes and resolve complexities that create compliance challenges, possibly through a simplified three-rate structure. GST reforms ...

It is the biggest festival of the year in China, signalling the start of spring, and this is the year of the wood snake. According to Chinese astrology, the characteristics of the snake ...

EY India’s analysis indicates that taxpayers opting for the new tax regime in FY 2024-25 will benefit further in FY 2025-26 due to the revised slabs. Shalini Jain, tax partner at EY India, said the ...

To the relief of middle-class tax payers, Finance Minister Nirmal Sitharaman announced a new tax slab during the Union ... making it more transparent and hassle-free for taxpayers.

Over the past decade, key changes have included higher exemption limits, revised tax slabs, and enhanced rebates ... 12 lakh tax-free. Under the new tax regime, individuals earning Rs.

Summary: Budget 2025 introduces significant changes to income tax slabs under the new tax regime for individuals. Key highlights include tax-free income up to ₹4,00,000, and progressive tax rates ...

Amid the relief to middle class by announcing tax-exemption for incomes upto ₹12 lakh, the central government also revised the tax slabs. The new tax slabs were announced by Union Finance ...