Income Tax Benefits to Expect from Union Budget Income Tax Benefits to Expect from Union Budget As the Finance Minister gears up to present the Union Budget on February 1, 2025, for the financial year 2025-26, the middle-class population eagerly awaits announcements that could bring much-needed relief in the income tax structure. With the rising … Read more
Gross Tax Revenue Growth Projected at 10.5-11% Gross Tax Revenue Growth Projected at 10.5-11% As the Union Budget 2025 approaches, expectations are high regarding the government’s fiscal outlook and revenue projections. Official sources indicate that the gross tax revenue (GTR) growth for FY26 is likely to be pegged at 10.5-11% over the revised estimates (RE) … Read more
Proposed Tax Reforms for Salaried Individuals As the Union Budget 2025-26 approaches, expectations are running high among India’s salaried class. Proposed Tax Reforms for Salaried Individuals On February 1st, Finance Minister Nirmala Sitharaman will unveil the government’s financial roadmap for the year. One of the critical areas of focus is tax reforms, particularly those aimed … Read more
Rules for Transactions to Avoid Income Tax Scrutiny A savings account is a crucial financial tool for managing day-to-day transactions and safeguarding your money. However, while there are no specific limits on deposits in a savings account, large transactions can draw the attention of the Income Tax Department. Banks are required by law to monitor … Read more
5 Major Tax Rule Changes to Know Before Budget 2025 5 Major Tax Rule Changes to Know Before Budget 2025 The Union Budget of July 2024 brought significant updates under the new tax regime, introducing revised tax slabs and enhanced deductions to provide relief to taxpayers. With Budget 2025 on the horizon, taxpayers are eagerly … Read more
