Let us explore the current challenges, ongoing initiatives, and potential measures to simplify India's income tax framework and bolster economic growth. Chaudhri explains that the government’s Safe ...

Here, we take you through the major changes tax slabs have gone through ever since India became an independent nation in 1947. Income tax slab revision by John Mathai in 1949-50 Finance Minister John ...

As India gears up for the 2025 budget, one burning question remains: Will there be any major changes to personal income tax laws? Since coming into power in 2014, the Narendra Modi-led government ...

Budget 2025 income tax expectations: The introduction of pre-filled Income Tax Returns (ITRs) has proven to be a significant advancement in streamlining the tax filing process. However ...

FreshSplash / Getty Images Ordinary income is income earned by an entity or an individual that is taxable at marginal tax rates. It can include wages, salaries, tips, bonuses, commissions ...

The nil tax rate now applies to income up to Rs 3 lakh, with subsequent slabs adjusted ... Economic Growth Projections Analysts project India’s GDP growth between 6.5% to 7 % for the fiscal year ...

To boost domestic manufacturing and attract global value chains to India, we expect a concessional corporate ... "We expect the government to tweak the personal income tax slabs and focus on ...

Budget 2025 income tax expectations: In anticipation of Budget 2025, individual and salaried taxpayers are urging Finance Minister Nirmala Sitharaman to lower personal income tax rates and ...

deregulation and enhancing the ease of doing business along with a lower personal income tax rate for the middle class will kickstart the economic growth, said audit firm EY India’s chairman and ...

The income tax department has come out with a fresh guidance note on the applicability of the Principal Purpose Test (PPT) for claiming tax treaty benefits, which will apply prospectively.

Most experts anticipate that budget 2025 will bring changes to the personal income tax provisions under the new regime. However, Ankit Jain, a Partner at Ved Jain & Associates, a tax firm ...

The survey said although 72 per cent of individual taxpayers have opted for a new income tax regime, a majority (63 per cent) of taxpayers still seek an increase in incentives under the old tax regime ...