As tax season is upon us in India, taxpayers need to be aware of the basic tax concepts when filling up their returns and make sure they are compliant with all requirements while also being efficient ...

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The income tax basic exemption limit has been hiked to Rs 4 lakh from Rs 3 lakh under the new tax regime in Union Budget 2025-26. The basic exemption limit under the new tax regime was last hiked in ...

NEW DELHI: Finance minister Nirmala Sitharaman on Saturday announced a hike in the income tax basic tax exemption limit by Rs 1 lakh. Under the new tax regime, the basic exemption limit has been hiked ...