Articles

Budget 2025 made various changes to the direct taxation. Now business entities can pay zero tax on turnover of up to Rs.2 Crores.

Zero Tax on Business Turnover of up to Rs.2 Crores

This article discusses an important benefit provided by the income tax, which is rebate u/s 87A of the income tax Act.

Income Tax Rebate under Old and New Tax Regime for FY 2025-26

Tax slab revised under new tax regime reduce the tax liability of the taxpayers; so rental income will have zero tax payment.

Zero Tax on Rental Income of Rs.17 Lakh

News

The new direct tax code, also known as the new income tax bill, may receive cabinet approval on Friday, February 7, according to sources.

New Income Tax Bill may be approved by Cabinet tomorrow; says Report

FM has proposed a revised tax slab under new tax regime that intends to decrease the tax burden. Now Pay “Zero” Tax on Professional Receipts of up to Rs.24 Lakhs.

Pay “Zero” Tax on Professional Receipts of up to Rs.24 Lakhs

With a view to simplifying the provisions, it is proposed to amend the sub-section (2) so as to provide that the annual value of the property consisting of a house or any part thereof shall be taken as nil, if the owner occupies it for his own residence or cannot actually occupy it due to any reason.

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Zero Tax on Business Turnover of up to Rs.2 Crores

Income Tax Rebate under Old and New Tax Regime for FY 2025-26

Zero Tax on Rental Income of Rs.17 Lakh

New Income Tax Bill may be approved by Cabinet tomorrow; says Report

Pay “Zero” Tax on Professional Receipts of up to Rs.24 Lakhs

Big Change in Calculation of House Property Income [Budget 2025]