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The Union Budget 2025 has introduced several key tax reforms aimed at providing relief to individuals and businesses. Finance Minister Nirmala Sitharaman, in her record eighth consecutive Budget presentation, announced major changes including higher tax exemptions,...
The Union Budget 2025 has brought a major relief for taxpayers, particularly the middle-class segment. In a historic move, Finance Minister Nirmala Sitharaman announced that individuals earning up to ₹12 lakh annually will now pay zero income tax under the new tax...
The Union Budget 2025 has introduced significant changes in India’s income tax structure, bringing relief to taxpayers across various income groups. One of the biggest highlights is the proposal to increase the tax exemption limit, ensuring that individuals earning up...
A. Tax exemption Many taxpayers have received financial help from their employers and well-wishers for meeting their expenses incurred for treatment of COVID-19. In order to ensure that no income tax liability arises on this account, it has been decided to provide...
Written representations are invited regarding the issues/glitches on the new Income Tax Portal on the email address fmo@nic.in latest by 7 PM on Friday, June 18, 2021. (Prior to the meeting between senior Finance Ministry officials & Infosys on June 22) Senior...
CBDT grants relaxation in electronic filing of forms 15CA & 15CB in view of difficulties reported by taxpayers in filing of forms online on the new e-filing portal http://incometax.gov.in. The forms can be submitted in manual format to the authorised dealers till...