A new Income Tax Bill (Bill 2025) is set to be introduced in Parliament next week. The bill is designed to be clear and concise, reducing the length of the existing law by nearly half. Its simplified ...
Save more tax in old tax regime by claiming up to Rs 8.5 lakh tax deductions for a salary income up to Rs 25 lakh. Moreover, for salary income of Rs 15 lakh you need to claim atleast Rs 5,93,750 as ...
The flat tax rate contributed to an additional increase in GDP per capita, had a positive impact on broadening the middle ...
In a renewed call for predictability, the Kenya Association of Manufacturers (KAM) on Wednesday said there is need to create ...
Too few citizens are expected to contribute too much to the tax coffers. Yet, the political courage needed to even out a ...
Discover how income tax changes from Rs 0 on Rs 12 lakh earnings to Rs 61,500 on Rs 12.1 lakh, with a breakdown of tax rates and amounts.
It is advocated by the Government that 75% of the assessees have moved to the New Tax Regime, which is not out of love and ...
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The repo rate cut, combined with the benefits from the revised tax slabs announced in the Union Budget 2025 for the new tax ...
The bill will not introduce new taxes. Instead, it will focus on simplifying tax laws, reducing legal complexities, and ...
Workers putting in extra hours will be rewarded under Trump’s proposal, which seeks to exempt overtime pay from taxation, ...
The highlight of Finance Minister Nirmala Sitharaman’s budget presentation was giving Income tax relief for the middle class.
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