Understanding these charges can help you better prepare for changes in the tax regime and manage your finances effectively.
Union government collects ₹100 in taxes, but ₹10-11 is collected as cesses, surcharges, and cost of collection.
With a promise to further simplify the current tax law by introducing a new Income-tax Bill next week, the taxpayer-friendly ...
The income tax rates for the assessment years (AY) 2025-26 and 2026-27 remain unchanged across categories. Under Section 115BAC, default rates for individuals and Hindu Undivided Families (HUF) ...
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 ...
In India, the highest income tax rate is 30% for the top income bracket, with an additional surcharge of up to 37% and a 4% on the total amount, depending on the new or old tax regime. In Budget 2023, ...
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Newspoint on MSNNew Income Tax Bill: Finance Minister Nirmala Sitharaman did not make any change in income tax, new bill will come next weekFinance Minister Nirmala Sitharaman has made a big announcement regarding the new income tax bill. While presenting the ...
Budget 2025 increases rebate, no tax liability up to ₹12 lakh; answers on rebate, exemptions, deductions in income tax.
In America, maximum rate on income tax is 37 percent which is levied on income more than $609K, equivalent to ₹5.3 crore in Indian currency.
As blue state governors and lawmakers propose making their states more costly places to live and work, their red state counterparts are seeking to do the opposite.
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