Marginal relief is available to resident individuals whose income exceeds ₹12 lakh but does not exceed ₹12.75 lakh. If a ...

Guide: The new income tax regime under Budget 2025 allows tax-free income up to ₹12 lakh. Taxpayers earning just above this threshold can avail marginal relief, reducing their tax liability significan ...

Ans. Earlier the limit of income for nil tax payment was Rs 7 lac. By increasing this limit to Rs 12 lakh around one crore assessees who were earlier required to pay tax varying from Rs 20,000 to Rs ...

Austria and Finland levythe world’s highestmarginal income tax rate at 55%. In India, the highest marginal rate for taxpayers in the highest income slab is 39% under the new tax regime and 42.7% ...

As blue state governors and lawmakers propose making their states more costly places to live and work, their red state ...

Marginal relief is provided to resident individuals with income levels between Rs 12 Lakh and Rs 12.75 Lakh. Once an ...

Labour’s pensions inheritance tax raid will hit 150,000 grieving families with higher death duty bills, figures show.

This 25 bps cut is expected to reduce home loan EMIs, offering a major boost to home buyers including new owners.

Assocham urges Finance Minister Nirmala Sitharaman to reduce personal income tax rates in the Union Budget 2025, highlighting ...

The new tax regime is the default tax regime. Currently, the highest tax rate of 30% is applicable from net taxable income ...

The income tax rates for the assessment years (AY) 2025-26 and 2026-27 remain unchanged across categories. Under Section 115BAC, default rates for individuals and Hindu Undivided Families (HUF) ...

The analytical note, released this week, shows that 6 percent of all New Zealanders, and 30 percent of single parents, face ...