Mon, Jan 08, 2024
Budget 2024: In an exclusive interview with Zee Business, Akhil Chandna - Partner & National Leader, GMS, Grant Thornton Bharat, shares insights on potential tax rebates in the upcoming budget. He highlights past budget incentives like and suggests future changes may focus on the new tax regime. Watch to know tax rebates Chandna believes government should focus on.
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Thu, May 25, 2023
With this announcement, the tax exemption on leave encashment of non-government salaried employees will rise for the period of earned leaves remaining at the time of their retirement in case of both superannuation and otherwise.
Tue, Mar 07, 2023
The benefits of India's economic development should reach every class and person, he said urging all stakeholders to work with this vision. The Prime Minister noted that GST, corporate taxes and other tax reforms have greatly reduced India's tax burden compared to the past.
Thu, Feb 23, 2023
Income tax on property: Here are some deductions that can be applied while filing the income tax which will reduce the tax liability
Thu, Feb 02, 2023
Budget 2023: The government has introduced the new tax regime as the default one, but it is just a mechanism opted for the government to make tax filing easier for the people, says CBDT Chairperson Nitin Gupta.
In the exclusive interview with Zee Business, Finance Secretary T.V. Somanathan, and DIPAM Secretary Tuhin Kanta Pandey spoke about several aspects of the budget including why privatization was not on the budget agenda, tax slab changes, and many more.
Wed, Feb 01, 2023
Budget 2023: The finance minister said the mechanism to defer the filing of a case in a tax dispute till a constitutional court decides the common legal question would "greatly help in reducing the repeated litigation between taxpayers and the department".
Budget 2023: The number of tax slabs have been reduced from 7 to 5 and the tax exemption limit is increased to Rs 3 lakh.
Budget 2023 Income tax slabs Highlights: Finance Minister Nirmala Sitharaman presented her fifth Budget on February 1 (Wednesday).
Budget 2023:Sitharaman will on Wednesday present her fifth straight budget at a time when the economy is slowing due to global headwinds and specific sectors need attention.
New Income Tax Regime: It offers seven tax slabs with prevailing rates reduced on income up to Rs 15 lakhs.
Tue, Jan 31, 2023
Budget 2023: According to Singhvi, taxpayers should be given a score akin to credit rating or Cibil score, and regular taxpayers could receive preference in getting medical treatment and other facilities.
Mon, Jan 30, 2023
Budget 2023: Under Section 24, taxpayers can claim deductions of up to Rs 2 lakh on the interest paid on home loans.
Wed, Jan 25, 2023
Budget 2023: Under Section 234D, if a taxpayer miscalculates and pays excess income tax and the return gets delayed, a levy of interest on excess refund is granted to the taxpayer.
Budget 2023: We will discuss the definition of Income Tax Exemption, IT deduction and IT rebate and the factors pertaining to them.
Tue, Jan 24, 2023
Budget 2023: If the value of the gift exceeds Rs.50,000, then the gift is taxed as income in the hands of the person who receives the gift.
Mon, Jan 23, 2023
Budget 2023 Expectations: "There is no wish list. Just one wish. Zero tax," quipped a Tamil Nadu government employee.
Budget 2023: As per provision, salaried taxpayers can save tax to the tune of Rs 100 per month per child.
Thu, Jan 19, 2023
Budget 2023: There are multiple terminologies that are used in the Budget. But commoners are unable to relate to those words. Tax is the most talked about the topic ahead of the budget as people expect some announcements.
Budget 2023: The government had in 2020 introduced a new tax regime. In the new regime, a taxpayer is not allowed to claim exemptions. The new tax regime has six slabs -- 5 per cent, 10 per cent, 15 per cent, 20 per cent, 25 per cent and 30 per cent.
Income Tax Act 80C and 80D: As of now, 80C and 80D are the two significant sections in the Income Tax Act that help taxpayers save some tax.
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![Budget 2023: New tax regime "sweetened" to benefit the maximum number of taxpayers, says CBDT Chairman](http://50342.g72ip.group/sites/default/files/styles/zeebiz_160x90/public/2023/02/02/225123-income-tax-4916261920.jpg?itok=o2w4MFUf&c=b94fce282a0dd2379b59e73ea7d50380 "Budget 2023: New tax regime "sweetened" to benefit the maximum number of taxpayers, says CBDT Chairman")
