India has different slabs for people under 60, senior citizens (60-79), and super seniors (80 and above). For example, if you ...

Budget 2025 has brought about changes to Ulips, tax on NPS Vatsalaya and for filing of updated income tax returns. Read our ...

Proceedings for adjustment of refund to outstanding demand u/s 245 (1) of the Income tax Act, 1961 are pending. Proceedings ...

Too few citizens are expected to contribute too much to the tax coffers. Yet, the political courage needed to even out a ...

On February 1, 2025, the Union finance minister submitted her submissions on revised Procedures, amendment of Sections, Tax proposals (both Direct and Indirect), etc. There was also the announcement ...

Budget 2025 aims to unlock India's potential for development by 2047, with reforms for ease of doing business and tax ...

Cutting tax rates can promote growth, and conversely raising taxes can hinder it—the intellectual heritage of this line of thought stretches back to an 18th century economist. But this theory ...

Despite confirmation that the petitioner had deposited the disputed amount, the authorities maintained that manual ...

While the cut in income tax is expected to put more cash in the hands of the people thereby improving demand, the rate cut by ...

National Savings Certificate (NSC) and Equity-Linked Savings Scheme (ELSS) not only helped individuals lower their taxes but also induced disciplined savings habits, particularly among young people in ...

The Direct Tax Code was announced in the Budget 2025 by Union finance minister Nirmala Sitharaman on February 1 ...

In order to make the Income Tax Act 1961 more concise and simpler the government is introducing a new income tax bill.