India’s hardworking middle class will not have to pay any tax if their annual income is up to Rs 7.5 lakh, the Union Budget 2024-25 has proposed under the new tax regime prescribed as … READ FULL STORY
In the Union Budget 2025-26, Finance Minister Nirmala Sitharaman announced significant changes to India’s income tax structure, aiming to enhance the spending power of the middle class and stimulate economic growth. The budget raises … READ FULL STORY
Income tax is a direct tax people and businesses have to pay in a financial year. The income tax is calculated based on the tax slab an individual falls. Here are some other interesting … READ FULL STORY
July 17, 2023: Union finance minister Nirmala Sitharaman has said that the government has provided several tax benefits to middle-class people, including income tax exemption for those earning up to Rs 7.27 lakh per … READ FULL STORY
As an individual earning a regular income in the form of salary, you would be required to pay professional tax. However, unlike the income tax one pays to the central government, the professional tax … READ FULL STORY
Taxes are monetary fees that the government levies on income, goods, services, activities, or transactions. Taxes, the government’s primary funding source, are utilised to advance national laws, legislation, and practises that benefit the populace. … READ FULL STORY
The Budget 2023-24 has proposed changes in the new tax regime introduced under Section 115BAC of Income Tax Act. The tax structure in the new personal income tax regime, introduced in 2020 with 6 income … READ FULL STORY
What is income tax? Income tax is a direct tax that the government levies on the income of people and businesses during a financial year. Under the provisions of the Income Tax Act, 1961, … READ FULL STORY
Prior to every Union Budget, real estate stakeholders get into a huddle to set the narrative that could influence the fiscal policy. They are conscious of the fact that the business of real estate … READ FULL STORY
The Budget presented by finance minister Nirmala Sitharaman, on February 1, 2020, has proposed a new tax regime for individuals and HUFs, where they are offered lower rates of tax for different slabs, provided … READ FULL STORY
The real estate sector has been plagued by many challenges, including delays in projects owing to funding issues, complicated government diktats, unclear records and land titles and delays in obtaining approvals. The passage of … READ FULL STORY
