Budget 2025 has raised the threshold for tax deducted at source and removed conditions on declaring a second house as self-occupied for tax purposes. The changes on TDS will benefit senior citizens.

Tax Rebate under Section 87A is given to reduce your taxable income to nil. It is a better option to give tax relief through the tax rebate than changing the tax slabs. This is because to get this tax ...

Finance Minister Nirmala Sitharaman has proposed, in the Union Budget, extending the time limit to file updated returns for ...

Live Updates, FM Nirmala Sitharaman Union Budget Speech Live Streaming: Financial Express Editors explain Finance Minister's ...

The new tax regime is the default tax regime. The highest tax rate of 30% is applicable from net taxable income above Rs 15 lakh. However, the new tax regime offers limited deductions to the taxpayer.

FM Sitharaman's speech last Budget hinted at this new tax law when she said the goal was to simplify the income tax laws and cut the Income Tax Act, 1961's page-count by as much as 60 per cent.

FMCG and Realty shares emerged as top performers in the sectoral markets, with the Nifty FMCG, and Realty indices settling higher by over 3 per cent each ...