Marginal Relief under the Income Tax Act is a mechanism that aims to prevent individuals or entities from facing excessively […]

TDS on commission refers to the tax deducted by the payer before making commission payments to an agent, broker, or

Key Takeaways Tax Benefit on Bank Interest As per budget 2025, a person who deposited up to ₹50,00,000 in Fixed

Section 194J of the Income Tax Act in India relates to Tax Deducted at Source (TDS) on payments for professional

NPS Vatsalya Scheme allows parents or guardians to open a National Pension System (NPS) account for their children, ensuring long-term

Meaning “Tax year” refers to a twelve-month period which follows the financial year. Financial year begins on 1st April and

Direct Tax Code is a proposed legislation set to modernize, simplify and align India’s tax law into a single code

Major development is going to happen, a new income tax bill to be tabled today in the Union Cabinet Meeting.

Finance Minister Nirmala Sitharaman has revised the income tax slabs in the new tax regime as part of the Union

In a significant move to simplify tax compliance and reduce the burden on sellers, the Indian government has announced the