The Union Budget 2025-26 increased the income tax basic exemption limit to Rs 4 lakh under the new tax regime, benefiting all ...

Anupam Mittal claims India is almost tax-free after significant income tax cuts in the latest budget. Finance Minister ...

the old income tax regime might remain unchanged. Currently, the new tax regime offers a basic exemption threshold of Rs 3 lakh. There are expectations that this threshold could be raised to Rs 5 ...

Nirmala Sitharaman announced an increase in income tax rebate from ₹7 lakh to ₹12 lakh, aimed at reducing tax burdens for ₹1 ...

Speculation is rife that the government may introduce significant changes to the new tax regime, including a higher basic exemption limit and a potential tax-free income threshold of Rs 10 lakh.

Almost all finance ministers of India have ... clear answer. Tax evasion, low wage growth, high unemployment, and high exemption limits mean that very few people qualify to pay income taxes.

Indian taxpayers, particularly those in the highest 30% tax bracket, have been crying hoarse that the country’s tax rates are ...

Budget extends tax benefits for SWFs and pension funds investing in infrastructure assets, encouraging global investors in India.

Currently, individuals can opt to pay income tax under the old I-T regime or the new I-T regime. While the former offers a host of exemptions and deductions, the latter is devoid of deductions but ...

India loses ₹8 lakh crore a year in unpaid income taxes due to exemptions and tax evasion from just the middle class.

Finance Minister Nirmala Sitharaman announced an increase in the basic income tax exemption limit from Rs 3 lakh to Rs 4 lakh ...