Rationalisation of definition of ‘dividend’ for treasury centres in IFSC The Finance Bill, 2025, proposes several key changes in the Income Tax Act, 1961, to continue reforms in the direct tax system through tax reliefs, removing difficulties faced by taxpayers, and rationalizing1 various provisions. Here are some of the key changes: V. Rationalisation of definition… Read More »
Exemption to capital gains and dividend for ship leasing units in IFSC The Finance Bill, 2025, proposes several key changes in the Income Tax Act, 1961, to continue reforms in the direct tax system through tax reliefs, removing difficulties faced by taxpayers, and rationalizing1 various provisions. Here are some of the key changes: IV. Exemption… Read More »
Exemption on life insurance policy from IFSC Insurance offices The Finance Bill, 2025, proposes several key changes in the Income Tax Act, 1961, to continue reforms in the direct tax system through tax reliefs, removing difficulties faced by taxpayers, and rationalizing1 various provisions. Here are some of the key changes: Exemption on life insurance policy… Read More »
Incentives to International Financial Services Centre The Finance Bill, 2025, proposes several key changes in the Income Tax Act, 1961, to continue reforms in the direct tax system through tax reliefs, removing difficulties faced by taxpayers, and rationalizing1 various provisions. Here are some of the key changes: Incentives to International Financial Services Centre International Financial… Read More »
AGRICULTURE IS THE FIRST ENGINE FOR INDIA’S DEVELOPMENT JOURNEY: BUDGET 2025-26 MAKHANA BOARD TO BE ESTABLISHED IN BIHAR NATIONAL MISSION ON HIGH YIELDING SEEDS TO BE LAUNCHED SECOND GENE BANK WITH 10 LAKH GERMPLASM LINES TO BE SET UP FIVE- YEAR MISSION FOR COTTON PRODUCTIVITY ANNOUNCED KISAN CREDIT CARD LOAN LIMIT RAISED FROM Rs. 3… Read More »
Key Changes in Income Tax by Finance Bill 2025 The Finance Bill, 2025, proposes several key changes in the Income Tax Act, 1961, to continue reforms in the direct tax system through tax reliefs, removing difficulties faced by taxpayers, and rationalizing1 various provisions. Here are some of the key changes: Extension of sunset dates for… Read More »
NO INCOME TAX ON ANNUAL INCOME UPTO Rs. 12 LAKH UNDER NEW TAX REGIME LIMIT TO BE Rs. 12.75 LAKH FOR SALARIED TAX PAYERS, WITH STANDARD DEDUCTION OF RS. 75,000 UNION BUDGET 2025-26 BRINGS ACROSS-THE-BOARD CHANGE IN INCOME TAX SLABS AND RATES TO BENEFIT ALL TAX-PAYERS TAX SLAB RATE REDUCTION AND REBATES TO RESULT IN… Read More »
HIGHLIGHTS OF UNION BUDGET 2025-26 Posted On: 01 FEB 2025 1:29PM by PIB Delhi PART A Union Minister for Finance and Corporate Affairs Smt Nirmala Sitharaman presented Union Budget 2025-26 in the Parliament today. The highlights of the budget are as follows: Budget Estimates 2025-26 The total receipts other than borrowings and the total expenditure… Read More »
Ministry of Finance SUMMARY OF UNION BUDGET 2025-26 Posted On: 01 FEB 2025 12:36PM by PIB Delhi NO INCOME TAX ON AVERAGE MONTHLY INCOME OF UPTO RS 1 LAKH; TO BOOST MIDDLE CLASS HOUSEHOLD SAVINGS & CONSUMPTION SALARIED CLASS TO PAY NIL INCOME TAX UPTO ₹ 12.75 LAKH PER ANNUM IN NEW TAX REGIME UNION… Read More »
New Income Tax slab Rates for AY 2026-27 / FY 2025-26 As per Budget 2025 presented in parliamnet on 01 feb 2025 The new slab rates for the Assessment Year 2026-27 are as follows: Total Income (Rs.) Rate of Tax Up to 4,00,000 Nil 4,00,001 to 8,00,000 5% 8,00,001 to 12,00,000 10% 12,00,001 to 16,00,000… Read More »