Income tax cheer hides a shrunk Budget—uncovered in 8 charts
The government announced a massive income tax relief in a bid to stimulate consumption in the economy, while also staying ...
Tax Guru11h
Budget 2025: Clarity in Taxation of Unit Linked Insurance Policies (ULIPs)
The Finance Bill 2025 proposes amendments to clarify the taxation of Unit Linked Insurance Policies (ULIPs). Under Section 10(10D) of the Income-tax Act, exemption on life insurance proceeds is ...
'Personal income tax buoyancy helped to offer relief; states may have deregulations as conditions for capex loans'
Buoyant personal income tax revenue allows tax relief in FY26 budget, according to finance secretary Tuhin Kanta Pandey.
Tax season has begun. Here’s when you’ll get your refund
Tax season is underway. The IRS has debuted a new online tool to help taxpayers check the status of any refund they may be ...
Indiatimes17h
Income Tax Calculator FY 2024-25
Less: Exemptions on Salary income (other than HRA) which are not allowed under New Regime (e.g. Leave travel allowance, Education allowance, Hostel allowance etc.) Less: Exemptions on Salary ...