Tax expert Tom Minnikin highlighted the top five tax mistakes Gen Z are most likely to make, with a range of consequences.

Taxpayers who have already selected the new tax regime in the Income-Tax Act 1961 will not need to choose it again in the ...

One key update is the introduction of a “tax year,” which refers to the 12-month period starting from April 1, effectively ...

Union Finance Minister Nirmala Sitharaman on Thursday introduced the new Income Tax Bill in Lok Sabha.  After presenting the ...

The government on Thursday tabled the New Income Tax Bill, 2025, which aims to simplify tax laws, modernize definitions, and ...

New Income Tax Bill 2025 LIVE Updates: The new Income-Tax (I-T) Bill, announced by Finance Minister Nirmala Sitharaman during ...

Medicare beneficiaries with income over a designated amount are required to pay a monthly fee in addition to their Medicare ...

The Bill incorporates tables for TDS provisions ... gains framework for commercial entities and individuals, whilst preserving current tax rates. Additional modifications encompass presumptive ...

The proposed new bill is projected to have 23 chapters, 16 schedules, and approximately 536 clauses, a significant reduction compared to the previous act.

It also introduces new tax regimes for individuals, Hindu Undivided Families (HUFs), and certain companies, including those engaged in manufacturing.

The Consumer Prices Index (CPI) rose by 3.0% in the 12 months to January 2025, up from 2.5% in the 12 months to December 2024. On a monthly basis, CPI fell by 0.1% in January 2025, compared with a 0.6 ...