PAN Card i.e. Permanent Account Number is mandatory for every taxpayer. It is a ten-digit unique alphanumeric identification ...

Finance Minister Nirmala Sitharaman is set to table the New Income Tax Bill, which aims to replace the 1961 Income Tax Act.

The Government of India levies tax upon the income of salaried and self-employed citizens of all age groups. Once you figure out which tax slab you fall under as per your tax regime, it becomes easier ...

Banks in India have found that many foreign nationals, including US citizens, have opened accounts using incorrect tax ...

Finance Minister Nirmala Sitharaman announced that taxpayers with salaries up to Rs 12 lakh would not be required to pay tax in the new tax regime.

Tax Rebate under Section 87A is given to reduce your taxable income to nil. It is a better option to give tax relief through ...

“The focus of the budget is taking everyone together on an inclusive path,” Sitharaman said, adding that the government is aiming for a fiscal deficit of 4.4% of India’s gross domestic ...