Tag: tax regime
Your take-home salary may increase after Budget 2024: Here is why
The rumors surrounding Budget 2024 suggest that Finance Minister Nirmala Sitharaman may announce revisions to the income tax slabs. These changes are expected to benefit…
Income tax relief: Will Budget 2024 increase standard deduction under new income tax regime?
The finance ministry is considering raising the standard deduction limit for income taxpayers under the new regime, without changing the tax exemption-heavy old regime. The…
TDS on salary? IT dept says employers should first ask…
The Income Tax Department on Wednesday said employers will have to seek details from employees about their preference for tax regime in the current fiscal…
finance bill 2023: Individual taxpayers with income marginally over Rs 7 lakh to get relief under new tax regime
In a relief to taxpayers opting for new tax regime, individuals earning marginally higher income than no-tax ceiling of Rs 7 lakh will pay tax…
GST Act | Small Businesses: Decriminalisation of GST Act: Why it can be a big reprieve for small businesses in India
The introduction of Goods and Services Tax (GST) was a bold step towards digital transformation of tax administration. GST introduced the concept of uniform tax…