Personal income tax (PIT) has become a significant source of tax revenue in India, contributing 31% to the centre's gross tax collections in FY24. In...

The Government’s hopes of hundreds of millions in annual corporate income tax revenue seemed less assured last night after a Day 1 executive order...

Finance Minister Nirmala Sitharaman announced that the new income tax bill, set to be presented in Parliament, will modernize the IT Act for the 21st...

New Income Tax Act: According to the government, about 78 per cent of taxpayers have already shifted to the new tax regime. Still, according to...

Adhil Shetty, CEO of BankBazaar, urges Finance Minister Nirmala Sitharaman to raise the 30% income tax threshold to ₹18 lakh in Union Budget 2025,...

The income tax rebate in Budget 2025 has caused some confusion, especially since income tax slabs still show taxes for income brackets from ₹0 to ...

In a major relief for taxpayers, Sitharaman announced that individuals earning up to Rs 12 lakh annually will no longer have to pay income tax under...

The Central Board of Direct Taxes (CBDT) is the administrative body, under the Union finance ministry, for the I-T Department.

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Emrys Global – Your Trusted Corporate Tax Consultant in Dubai Navigating the complexities of the new corporate tax regime in the UAE doesn’t have...