The TDS threshold on interest payouts for senior citizens has been raised to Rs 1 lakh from Rs 50,000. “The increase in the limit for TDS on interest to Rs 1 lakh will ensure greater cash flow in the ...

The upcoming bill is expected to replace the 64-year-old Income Tax Act, enhancing transparency and easing tax compliance. While the budget did not introduce direct changes to startup tax regimes, it ...

The FM emphasised that the new Income-Tax Bill will uphold the spirit of “Nyaya” (fairness). An immediate test lies in how ...

FM Nirmala Sitharaman said that no income tax will need to be paid on annual income of up to Rs 12 lakh under the new tax regime.

The threshold to collect TCS on remittances under RBI’s liberalised remittance scheme (LRS) is proposed to be raised from ₹7 ...

On the occasion of Union Budget 2025-26 market was open on Saturday, 2081 stocks advanced, 1829 declined and 127 remained unchanged on Bombay Stock Exchange with advance decline ratio of 1.14 ...

With an aim to reform the personal income tax regime with a special focus on middle-class citizens, the Union Finance ...

The increase in threshold from Rs 7 lakh to Rs 10 lakh for collecting TCS is expected to benefit the travel and foreign exchange sectors, providing a boost to outbound tourism, education and the ...

The Indian government announced the Union Budget for the 2025-26 fiscal year on Saturday, bringing modest gains for certain tourism sectors.

With strategic investments in AI, digital literacy, and higher education infrastructure, the budget aims to enhance global competitiveness.

Finance Minister Nirmala Sitharaman announced in Budget 2023 that the threshold for TCS on remittances under LRS will be ...

Finance Minister Nirmala Sitharaman on Saturday proposed to increase the threshold of tax collected at source (TCS) on remittances under the RBI's Liberalized Remittance Scheme to Rs 10 lakh from the ...