What to check in the next Budget? Pay attention to updates in tax slabs, rebates for lower-income groups, or changes in the surcharge for high earners. Also, assess whether the new tax regime ...

The Budget did not make any changes to the tax rates or slabs in the old tax regime, making it unattractive. Taxpayers opting for the new tax regime are not allowed to claim deductions or rebates ...

If Salary Is Rs 50 Lakh, Then What? For high-salaried individuals, the new slabs provide a benefit of over Rs 1 lakh. Taking an example, an individual earning Rs 50 lakh per annum, will now be ...

Over the last decade, the sore point among taxpayers, especially the high earners, was the absence of inflation indexing on the higher slabs. Even for the moderately high earners – those earning ...

Under the new slabs, taxpayers with Rs 12 lakh annual income will get a benefit of Rs 80,000 and those earning Rs 18 lakh will get a benefit of Rs 70,000, Ms Sitharaman told the parliament.

The Budget 2025 is set to introduce significant changes to the income tax slabs, particularly benefiting the middle class. Currently, the new tax regime features slabs where income up to ₹3 lakh ...

High Tax, No Set-Offs ... You are in a higher tax bracket and benefit from lower slab rates. 3. You prefer immediate liquidity over long-term tax savings. Taxpayers should consider sticking ...

Union finance minister Nirmala Sitharaman on February 1, in a major boost to consumption, announced no tax liability for individuals with a salary of up to Rs 12 lakh. Sitharaman said the move ...

While we continue to dive into the paperwork around the Chapter 11 bankruptcy of Diamond Comic Distributors, Mile High Comics boss Chuck Rozanski recalls the time when Diamond was investigated of ...

Mims contributed several game-altering returns throughout the season, and his career-high 97 punt return yards against Indianapolis in Week 15 earned him AFC Special Teams Player of the Week honors.

Kanpur: A major accident occurred at Kannauj railway station on Saturday after a ceiling slab of an under-construction building suddenly collapsed. Several workers and railway staff are feared to ...

A Broncos defender has earned a significant accolade at his alma mater. Inside linebacker and team captain Alex Singleton has been elected to the Montana State Bobcat Athletics Hall of Fame, the ...