Sunday, Dec 10, 2023

Tax Rates

Former US President Donald Trump

Donald Trump Threatens To Slap Reciprocal Tax On India If Re-Elected In 2024

Former United States President Donald Trump has revealed in an interview that if he is re-elected to power in 2024 he will charge a reciprocal tax from India. He called India the 'tariff king' and alleged that their tax...

21 August 2023

Income Tax (Representational Image)

Government Wants To Eventually Move To Exemption-Free It Regime With Lower Taxes: Revenue Secretary

Malhotra said under the new regime, salary earners with income of up to Rs 7.5 lakh will not have to pay any income tax, after taking into account the standard deduction

02 February 2023

Budget 2023 Expectations: Adjust Income Tax Slabs To Keep Pace With Inflation

Income tax slabs need to catch up with inflation. Here's what they should be today. Read on to find more.

26 January 2023


GST An Engine For Driving Consumption, Helped Households Save On Monthly Bills: Govt

Giving a comparison of the tax rates of various goods pre and post-GST rollout, the government said from streamlining processes to boosting investments, GST has been a catalyst for progress.

30 June 2023

Budget 2023 Wishlist: What Are People’s Expectations On Tax?

While the maximum deduction under section 80C of the Income Tax Act is Rs 1.5 lakh, it is inadequate even if one considers inflation at just 6 per cent per annum, say experts

30 January 2023


Budget 2023-24: NRIs Want Removal Of Excessive TDS, Not Reduction In Tax Rates

A majority of non-resident Indians have said that deduction of 20-23 per cent tax at source is a huge dampener while selling property, and it should be decreased in the upcoming Budget

24 January 2023

Marginal Tax Relief Under New Regime: Pay Re. 1 As Tax If Income Exceeds Rs 7 Lakh Limit By Re. 1 

Taxpayers with total taxable income exceeding the threshold limit of Rs. 7 lakh under the new tax regime will now not have to pay a disproportionate tax of Rs 25,000 if their income exceeds by even Re. 1. Here’s how you...

29 March 2023