Goodbye old tax regime; new regime now more attractive
The budget’s biggest, shiniest takeaway: no tax on income up to ₹12 lakh. Union finance minister Nirmala Sitharaman’s announcement was …
tax updates
GST collections for January stand at 1.95 lakh crore, highest since April 2024
GST collections for January 2025 India’s Goods and Services Tax (GST) Revenue for January 2025 stood at Rs. 1,95,506 …
Nirmala Sitharaman interview: ‘More money in hands of people will spur demand’
The budget for FY26 puts money back into the hands of the middle class and taxpayers, a category that is …
Govt announces multiple schemes for Bharat; allocation inadequate to match inflationary pressure
The FY26 budget announced a long thread of schemes for rural India, including a comprehensive multi-sectoral rural prosperity and resilience …
New GST System : Budget 2025
Union Budget 2024-25: Key Highlights of Proposed Changes Under GST Law The Union Minister for Finance and Corporate Affairs Smt. …
New Income Tax Bill Next Week: Budget 2025 Announcement
Finance Minister Said in Budget Speech: I also propose to introduce the new income-tax bill next week I now come …
Higher TDS/TCS Rate for non-filers of Income tax Return omitted by Budget 2025
Current Provisions Issues Faced Proposed Amendment (Effective from April 1, 2025) Provision Current Law Proposed Change Section 206AB Higher TDS …
REMOVAL OF TCS ON SALE OF GOODS FROM 1ST APRIL 2025
Sub-section (1H) of section 206C of the Act, requires any person being a seller who receives consideration for sale of …
New Time Limit for Filing Updated Return in Budget 2025
Extension of Time Limit for Filing Updated Return (Section 139(8A)) in Budget 2025 Current Rules (Before Amendment): Proposed Changes …
New Income tax slab rate under New Regime from F.Y. 2025-26 (A.Y. 2026-27) in Budget 2025
Revised Income Tax Slabs (New Regime) Sl. No. Total Income (₹) Rate of Tax (%) 1 Upto ₹4,00,000 Nil 2 …
