Over the next 12 weeks, the government is consulting on standardising e-invoicing [1] to boost uptake across UK businesses and the public sector.

The maximum claim for each child is $19,066. You can claim all of the eligible adoption expenses that you incurred but you have to claim them in the tax year that includes the end of the adoption ...

Your taxable income is your income after various deductions, credits, and exemptions have been applied. There are also various tax credits, deductions and benefits available to you to reduce your ...

Section 87A tax rebate: 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 tax rebate than changing the tax slabs. This is ...

Finance Minister Nirmala Sitharaman in her Union Budget 2025 speech today announced a new tax slab that has been refreshed across the board. Under the new regime, there is no tax on income up to ...

Budget 2025 Explained: FM Nirmala Sitharaman proposes BIG relief for the middle class. ZERO tax on up to ₹12.75 lakh income. Budget 2025 brought unexpected cheer to a large section of middle ...

The Finance Minister gave salaried individuals a moment of joy with the news that those earning up to Rs 12 lakh a year will pay no tax — but only if they're willing to embrace the new tax regime. And ...

New Income Tax Slabs Budget 2025-26 LIVE: Many taxpayers are looking forward to relief measures after seeing minimal changes in the July 2024 Budget Shivam Verma Updated : Feb 01, 2025, 03:04 PM IST ...

Finance Minister Nirmala Sitharaman on Saturday, February 1, unveiled a significant overhaul of the new tax regime in her Union Budget 2025 speech. In a major move to ease the tax burden on the middle ...

This significant revision, part of the government’s effort to ease the tax burden on salaried individuals, marks a sharp increase from the previous tax-free threshold of Rs 7 lakh. The Finance ...

Those earning up to Rs 12 lakh annually won't have to pay any income tax under the new regime. Add to it the standard deduction of Rs 75,000 and taxpayers with up to Rs 12.75 lakh annual income ...

The new tax regime will now feature a ‘nil tax’ slab up to ₹12 lakh for individuals, and ₹12.75 lakh for salaried taxpayers with a standard deduction of ₹75,000. This reform aims to ease the financial ...