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164th Income Tax Day: FM Nirmala Sitharaman to Celebrate the Occasion on 24th July

Income Tax Day is celebrated every year on the 24th of July to tell the importance of Income tax filing. This day aims to encourage more and more people to pay taxes on time for the nation's development.

FM Nirmala Sitharaman's Major Announcement: New Tax Regime Exempts Individuals Earning Up to [Specific Amount] Per Year from Income Tax

In a tweet, the Finance Minister stated that "Under the new tax regime, individuals with an annual income up to Rs 7 lakh are exempt from paying income tax. Additionally, with the inclusion of marginal relief provisions, this threshold effectively increases to Rs 7.27 lakh.

FM Announces 28% Tax on Online Gaming Firms: Highlights from 50th GST Council Meeting

The Council's first gathering since February got off to a rocky start. The recent move by the Union government to include the GST Network in the scope of the Prevention of Money Laundering Act (PMLA), which is overseen by the Enforcement Directorate (ED), was challenged by representatives of States not governed by the BJP.

Budget 2023 - 5 Major Announcements Proposed In Union Budget 2023

The Union Budget of India, presented annually by the Finance Minister, outlines the government's plan for revenue and expenditure for the upcoming financial year.

Economic Relief Measures Announced For Various Sectors

Today in New Delhi, Nirmala Sitharaman unveiled a relief package for the economy. There were 17 measures announced in all, totaling Rs. 6,28,993 crore.

Union Budget 2022-23 Income Tax Updates

The income tax slabs were left unchanged by the Union Budget 2022.

Filing Updated Income Tax Returns Proposed In Budget 2022

On the government's e-filing website, the last day to file an income tax return for Assessment Year 2022–23 is currently visible. The Income Tax Act states...

Crypto Taxation Guide Budget 2022

In the planned tax system, the government has suggested a flat 30% income tax rate on the transfer of "crypto-assets."