The surcharge under Section 115BAC (New Tax Regime) and the Old Tax Regime differs in terms of applicability and rates. Under the new tax regime, the surcharge is applicable on total income exceeding ...
Notably, with the amendment to section 115BAC of the Income Tax Act as effective from F.Y. 2023-2024 [A.Y. 2024-2025], the new tax regime is made as a default tax regime for persons other than ...
In an era of economic uncertainty, shifting regulations, and geopolitical risk, high-net-worth individuals and family offices ...
Latest income tax calculation post Budget 2025: Starting April 1, 2025, individuals earning up to Rs 12 lakh under the new ...
Deductions under 80C, 80D, 80DD and 80G are not allowed in the new tax regime, taxpayers can still claim a few deductions ...
If your taxable income is more than Rs 12 lakh, there are ways that you can still pay zero tax. This can be done by rejigging ...
Following the Union Budget 2025, annual income up to Rs 12 lakh became tax-free. But there's a way to push it even further to ...
China’s smaller, independent oil refineries are getting squeezed by a stricter tax regime, which could accelerate shutdowns in the embattled sector.
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Hosted on MSNNew Tax Regime: There are 3 deductions available in the new tax regime, but people know about only one...The Government of India has introduced the New Tax Regime to simplify personal income tax. Out of the total 7.28 crore income ...
Understanding how tax policies affect IP can help your company optimize its strategies and enhance the value of its IP ...
Part two of Anthony Sabino’s two-part series analyzing Texas Top Cop Shop, Inc. v. Garland holding the Corporate Transparency ...
At first glance, the tax disparity might seem unfair, but in reality, it is a testament to America's economic strength, ...
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