tax regime news

Income tax return filing deadline extended: 10 common mistakes to avoid

Filing ITR is compulsory if your total income is over ₹2.5 lakh under the old tax regime, or ₹3 lakh under the new one.

Published on Aug 03, 2025 08:59 pm IST

Buy or Rent? Navigating property decisions under the old tax regime

Should you rent or buy property? When evaluating financial decisions such as renting versus buying a property, understanding the tax implications under the old tax regime is crucial. (Representational photo).

real estate

Published on Apr 06, 2025 10:27 am IST

Old tax regime vs new tax regime with revised slabs: What to choose in 2025-26?

Many of those who use the old regime may consider switching to the new one since the Union Budget 2025 has substantially brought down the slab rates for incomes up to ₹24 lakh.

business

Published on Mar 21, 2025 01:46 pm IST

Budget 2025: Why the government is reluctant to reduce personal income tax

Personal income tax provides significant and steady revenues to the government. Its collection exceeds the government's revenues from taxes on the profits of corporations.

india news

Updated on Jan 28, 2025 12:39 pm IST

How to switch to old tax regime from new tax regime for filing income tax

The current income tax rules does provide the freedom for taxpayers to choose between the new tax regime and the old tax regime based on whichever may be more advantageous to them. (HT PHOTO)

business

Published on Jul 29, 2024 06:44 pm IST

Budget 2024 is an exercise to simplify the tax regime - Revenue Secretary Sanjay Malhotra

The budget’s proposal to remove indexation from the long-term capital gains in real estate is an effort to simply the tax regime, said Sanjay Malhotra (PTI)

india news

Updated on Jul 29, 2024 07:32 am IST

Reforms of new tax regime may reduce tax burden and allow option to choose again

Nirmala Sitharaman pictured at the Lok Sabha on July 23, with the Union Budget

business

Published on Jul 24, 2024 04:44 pm IST

Afternoon brief: New tax regime slabs revised in Budget 2024; and more

Union Minister of Finance and Corporate Affairs Nirmala Sitharaman carrying the Budget tablet (ANI)

india news

Published on Jul 23, 2024 01:35 pm IST

Union Budget 2024: 6 new changes to income tax that the new budget may bring

Union Finance Minister Nirmala Sitharaman at Parliament, during the ongoing Budget Session, in New Delhi. (PTI)

budget

Published on Jul 22, 2024 11:48 am IST

Your Union Budget cheatsheet: Direct, indirect taxes and what you must look for

Taxes can be classified into direct and indirect taxes (Unsplash)

budget

Published on Jul 09, 2024 03:12 pm IST

Budget 2024: Higher standard deduction limit possible under new tax regime

Representational

business

Published on Jun 25, 2024 11:13 am IST

ITR due dates: When will Form 16, TDS certificate, Form 26AS be available?

Representational

business

Published on Jun 12, 2024 09:02 pm IST

Has your income tax slab changed? Finance ministry's 6-point note

Presenting the interim budget on February 1, 2024, Union Finance minister Nirmala Sitharaman said that there would be no changes to taxation.

business

Updated on Apr 03, 2024 12:06 am IST

Tax collection on course to grow 3 times to over ₹19 lakh crore in 10 years of Modi govt

HT Image

business

Published on Dec 29, 2023 11:09 am IST

Punjab records 16% jump in GST collection: Cheema

Punjab finance, planning, excise and taxation minister Harpal Singh Cheema said the state has achieved 16.61% jump in net goods and service tax (GST) collection up to November.

chandigarh news

Updated on Dec 03, 2023 07:10 am IST

Germany approves global minimum corporate tax

Shoppers walk down Hohe Strasse shopping district in Germany.

world news

Published on Nov 10, 2023 11:09 pm IST

TDS on salary? IT dept says employers should first ask…

Individual taxpayers have the option to select whether they want to be in the old tax regime. (Representative)

business

Published on Apr 06, 2023 06:16 am IST

In a first, UAE to lift tax-free status, brings new rules on corporate earning

Thousands of companies will pay tax for the first time and will likely hit net incomes, according to Tarek Fadlallah, head of Nomura Asset Management’s Middle East unit.

world news

Updated on Feb 01, 2022 11:47 am IST

RBI favors retaining inflation target regime

The current framework is appropriate for the next five years, according to a report from the RBI on Friday.

business

Published on Feb 26, 2021 02:46 pm IST

New financial year begins: Tax regime and other changes which will come into effect from April 1

Certain new changes are being implemented from today, the beginning of the new financial year.

business

Updated on Apr 01, 2020 09:17 am IST

High tax regime may destroy India’s cruise industry: UK operator writes to PM Narendra Modi

Cruise ships operator Carnival UK has written to Prime Minister Narendra Modi and senior members of his cabinet, cautioning against a high tax regime that it said may destroy the cruise industry in India.

india news

Updated on Nov 06, 2018 10:57 am IST

GST is a successful story of cooperative federalism

With election season kicking in, politics may well take precedence over sound economic logic. That is something the GST Council should guard against. Finance Minister Piyush Goyal during the 28th Meeting of the council in New Delhi, July 21, 2018.

editorials

Updated on Jul 22, 2018 07:37 pm IST

One year of GST: Blame new tax regime for more expensive services

Costs of telecom, banking services, insurance premium, car servicing and beauty parlour charges have gone up.

india news

Updated on Jul 01, 2018 09:34 am IST

Lower tax regime from Centre can reduce real estate prices up to 40%, says CREDAI

In the last few years, the real estate sector has been plagued with a slowdown.

mumbai news

Published on Apr 04, 2018 10:33 am IST

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