Following the Union Budget 2025 announcements by Finance Minister Nirmala Sitharaman, India has decided to reduce import duties on high-end bikes and luxury cars. This move is seen as a massive boost ...

The Finance Minister also announced the extension of the time limit for filing updated returns for any assessment year. The ...

Aligning with India's broader vision to become a global AI hub, Finance Minister Nirmala Sitharaman has announced the ...

Nirmala Sitharaman said that the draft Bill will also simplify certain procedures and rules. The draft Bill will be tabled in Parliament soon.

Under the new regime, the tax liability for individuals earning Rs 12 lakh or Rs 12.75 lakh (for salaried persons) is Rs 60,000, which is completely waived due to the rebate. Hence, the resulting tax ...

The Finance Minister has adjusted tax slabs for the middle class in the new tax regime, offering greater savings and tax rebates. Additionally, change ...

Assam Chief Minister Himanta Biswa Sarma welcomed the provisions in the Union Budget 2025 which was presented by Finance ...

In a big relief for the middle class, Union Finance Minister Nirmala Sitharaman said those earning an annual income of up to Rs 12 lakh do not have to pay income tax. The move could prove beneficial ...

Taxpayers will be able to claim nil valuation for two self-occupied properties instead of one. The reform will promote ...

Finance Minister Nirmala Sitharaman presented the Union Budget 2025-26 on Saturday in which she announced reforms in various sectors, including tax reforms.