Achieving net-zero climate goals requires significant private sector investment in clean technologies. Corporate income tax (CIT) design affects private sector investment and thus warrants ...

Finance Minister Nirmala Sitharaman has made a big announcement in Budget 2025. Now people with annual income up to Rs 12 lakh will not have to pay any income tax. This exemption will be available ...

Tax receipts in the first two months of this year are up 12% on the same time in 2024 ... 13.5bn (excluding the contribution from Apple). Income tax was almost 6% ahead of the same period last ...

In the AY2025-26, taxpayers should note that the tax rebate was introduced in the new tax regime. Individuals with an income of up to Rs 7 lakhs will be exempt from paying any taxes, providing a ...

A petition to raise the HMRC income tax personal allowance threshold from £12,570 to £20,000 has received more than 130,000 signatories, and could now be debated by MPs. The petition to ...

Who is Tuhin Kanta Pandey? Tuhin Kanta Pandey, a 1987-batch IAS officer from the Odisha cadre, has been appointed by the Appointments Committee of the Cabinet (ACC) as the 11th chairman of the ...

wherein the brief fact of the case is that the assessee filed online application in Form No. 10AB seeking registration u/s 12AB of the Income Tax Act, 1961 was filed on 14.09.2023. A letter/notice ...

12%, 22%, 24%, 32%, 35% and 37%. That will remain the same for tax year 2025 (filing in 2026), but the IRS adjusts the income range for each bracket annually to account for inflation's impact on ...

Listen to Story Union Budget 2025 announces zero taxes for income up to Rs 12 lakh Standard deduction increases this tax-exempt income to Rs 12.75 lakh This will boost consumption levels as well as ...