Tag: new tax regime
New income tax regime: Monthly TDS returns, HRA tax rule recast on wish list
New Delhi: A shift to monthly Tax Deducted at Source (TDS) returns from the current quarterly practice, and revamping tax rules concerning house rent allowance…
CBDT chief says 88 per cent of individual taxpayers have opted for new tax regime
New Delhi: As many as 88 per cent of individual taxpayers have moved to the new tax regime and the government is not thinking of…
New GST reforms set to inject Rs 2 Lakh Cr into economy: Finance minister Sitharaman
New Delhi: The recent goods and services tax reforms will help pump in ₹2 lakh crore into the economy, finance minister Nirmala Sitharaman said on…
GST rate cut benefits should reach aam aadmi, FM Nirmala Sitharaman says
GST rate cut benefits must reach the aam aadmi, Finance Minister Nirmala Sitharaman said on Friday, stressing that Centre is closely monitoring how the new…
Income tax payers wishlist for Budget 2025: More benefits in new tax regime, higher HRA, other reliefs in old tax regime
It is the Budget season again! It is a pivotal time for businesses and individuals who anticipate changes in policies, income tax and spending. For…
Will Budget 2025 merge old and new tax regimes to simplify income tax slabs, structure?
India’s existing tax system for individual taxpayers offers two personal tax regimes – the old tax regime and the new tax regime. The new tax…
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…