Tag: income tax rates
Posted in Economy
Lok Sabha passes Finance Bill 2026–27, advancing government’s fiscal plans
The Finance Bill has been passed by the Lok Sabha on Wednesday, marking a key step in implementing the Central Government’s Budget proposals for the…
Posted in Economy
Income Tax Tribunal move to back 22% tax on capital gains sparks row
Mumbai: In a bizarre decision that has spawned surprise and scorn in the tax world, an Income tax (I-T) tribunal, which is a quasi-judicial body,…
Posted in Finance
Hike basic exemption limit to Rs 5 lakh, cut income tax rates, further reduce number of TDS rates in Budget 2025: EY
EY, one of the big four consultancy firms, has urged the government to hike the basic exemption limit to Rs 5 lakh from Rs 3…