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Impressive Growth in Direct Tax Collection for FY 2023-24 The net direct tax collection for the fiscal year 2023-24 has shown a remarkable growth of 19.41 per cent, reaching Rs…

Government-Recognized Startups: 2,975 Granted Income Tax Exemptions A senior official from the Department for Promotion of Industry and Internal Trade (DPIIT) revealed that up to 2,975 government-recognized startups have been…

Budget 2024 Expectations: Standard Deduction and Income Tax Relief Salaried individuals await the Interim Budget 2024 with bated breath, hoping for some respite in income tax. However, expectations of an…

Understanding and Obtaining Your SBI Home Loan Provisional Interest Certificate A Home Loan Provisional Interest Certificate from SBI serves as a temporary document that details the interest paid on your…

Budget 2024 Expectations: What Taxpayers Should Anticipate As the Lok Sabha elections approach in May, all eyes are on Union Finance Minister Nirmala Sitharaman, set to unveil an interim budget…

India’s Net Direct Tax Collections Skyrocket by 160.52% in 10 Years India has witnessed a staggering leap in its net direct tax collections over the span of a decade, marking…

Increased Tax Buoyancy Expected to Boost Funding for Farmers and Social Sectors in Interim Budget The upcoming interim budget is anticipated to benefit from the increased tax buoyancy, evident in…

Budget 2024 Expectations: Anticipated Income Tax Reforms The union budget for 2024, anticipated to be revealed in February 2024, will serve as an interim budget ahead of the impending general…

Budget 2024 Expectations: Simplifying Personal Taxation and More The Confederation of Indian Industry (CII) has put forth its proposals for Budget 2024, with a primary focus on streamlining personal taxation.…

Old vs New Tax Regime: A Detailed Comparison A tax slab essentially dictates the amount of tax that an individual or business is required to pay according to their income.…