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Budget 2025 made various changes to direct taxation. New tax rate slab introduced, basic exemption limit increased, tax rebate limit raised under New Tax Regime.

Income Tax Slab: Exemption for not filing ITR is for Income up to Rs.2.5L or Rs.4L

It is proposed that the provisions of section 17 may be amended so that the power to prescribe rules may be obtained to increase the limit on the gross total income of the employees.

Revision in Perquisite Limits for Salary Income [Budget 2025]

Finance Minister brought good news for individual taxpayers, especially those in the lower and middle class in Budget on February 1, 2025.

Budget 2025: 5 Tax-Saving Proposals in Budget that Simplify Compliance and Reduce Burden

The Union Budget 2025 presented by Finance Minister in parliament on 1st Feb 2025. Various changes and amendments made in direct taxation this Budget.

Budget 2025 amends the Definition of ‘Capital Asset’

The Budget 2025 proposes harmonization of provisions under Section 9 of the Income-tax Act concerning the SEP and its applicability to business connection in India.

Harmonization of Significant Economic Presence applicability with Business Connection

The Union Budget 2025 presented on 1st Feb 2025 by Finance Minister proposed various incentives to IFSC.

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Income Tax Slab: Exemption for not filing ITR is for Income up to Rs.2.5L or Rs.4L

Revision in Perquisite Limits for Salary Income [Budget 2025]

Budget 2025: 5 Tax-Saving Proposals in Budget that Simplify Compliance and Reduce Burden

Budget 2025 amends the Definition of ‘Capital Asset’

Harmonization of Significant Economic Presence applicability with Business Connection

Various Incentives to IFSC proposed in Finance Bill 2025