News

As the Finance Minister prepares to propose the Union Budget 2025, the country's middle class is hoping for major relief from taxes and reductions in tax brackets.

Budget 2025: Major Income Tax Benefits to expect from Union Budget 2025

Articles

The Union Budget 2025 will be presented on February 1, 2025, at 11:00 AM. There are rumors that Finance Minister Nirmala Sitharaman may reduce income tax rates to encourage spending and offer relief

Budget 2025: Is It Time to Say Goodbye to the Old Tax System?

Tax Department has issued a warning kind of reminder via a message in which it said that the deduction claimed under Section 80GGC for donation in ITR may be verified.

Income Tax sends Warning to Salaried Taxpayers who made donations to political parties

Notifications

The Central Board of Direct Taxes (CBDT) has notified the Tax incentives for IFSC (International Financial Services Centres) via issuing a Notification.

CBDT notifies Tax incentives for IFSC [Read Notification]

Mild cuts in personal income tax rates to stimulate spending, as well as a concessional Corporate Tax scheme to support the 'Make in India' policy, are expected in Budget 2025-26.

Budget 2025: Income Tax Cuts and Increased Gold Tariffs anticipated in Upcoming Budget

In a letter, the apex traders' group urged the government to rename Income Tax as 'Rashtra Nirmaan Sahyog Nidhi' (Nation Building Cooperation Fund) and urge a relief for the middle class.

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Budget 2025: Major Income Tax Benefits to expect from Union Budget 2025

Budget 2025: Is It Time to Say Goodbye to the Old Tax System?

Income Tax sends Warning to Salaried Taxpayers who made donations to political parties

CBDT notifies Tax incentives for IFSC [Read Notification]

Budget 2025: Income Tax Cuts and Increased Gold Tariffs anticipated in Upcoming Budget

Budget 2025: CTI recommends renaming Income Tax to National Development Cooperation Fund; Urges FM to focus on Middle Class and SME Traders