The Indian government has announced significant income tax changes from 1st April 2025. These updates are expected to impact taxpayers across various income brackets. Whether you are a salaried individual, business owner, or investor, understanding these changes will help you plan your finances effectively. Let’s see the key updates in the new financial year. Revised …
Taxation of mutual funds in India can shape your investment returns. Knowing how it works helps you plan smarter. Taxation on mutual funds can vary depending on the type of fund, the duration of investment, and the gains made. Here’s a breakdown of how mutual funds are taxed in India. Equity Funds: Capital Gains Tax …
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The Income Tax Changes 2025 introduced in the Union Budget aim to simplify compliance, boost disposable income, and align India’s tax framework with evolving economic needs. With revised slabs, higher exemptions, and digital reforms, these updates significantly impact individual taxpayers. Let’s break down the key reforms. Higher Tax Rebate Threshold for Middle-Income Earners The tax rebate limit …
#211 – Income Tax Changes 2025: Key Reforms for Indian Taxpayers Read More »
Section 115BAC amendments bring major tax relief for Indians in 2025. Introduced via the Finance Act 2025, these changes make the new tax regime more appealing. First, let’s dive into how they help you save more. With inflation at 6.21% in 2024 (RBI), this relief is timely. Higher Exemption Limit These amendments raise the basic …
#210 – Section 115BAC Amendments: A Tax Relief Boost for Indians Read More »
TDS threshold changes effective April 1, 2025, bring relief to Indian taxpayers. The Central Board of Direct Taxes (CBDT) raised limits across sections. First, let’s explore how these updates affect your savings. With higher thresholds, you keep more money in hand. Higher Limits on Interest Income TDS threshold changes target interest earnings. For instance, Section …
#208 – How TDS Threshold Changes Impact Your Savings in India Read More »
HUF tax savings can transform your financial planning in India. A Hindu Undivided Family (HUF) is a legal entity that pools family income. It’s a smart way to lower taxes. First, let’s explore how HUF tax savings work for Indian families aiming to keep more money. What Is an HUF? An HUF includes family members …
Section 194N of the Income Tax Act is an important provision that applies to cash withdrawals. This section mandates TDS be levied on large cash withdrawals made by individuals, firms, or entities from their bank accounts. The purpose of this provision is to encourage a shift towards a digital economy and also curb tax evasion. …
Just like other businesses, you can claim expenses incurred in relation to trading as deductions, reducing your taxable income.
India’s infrastructure sector plays a crucial role in its economic development. It includes various segments such as transportation, energy, water supply, and telecommunications. A strong infrastructure is vital for attracting investments, boosting productivity, and also improving the quality of life for citizens. Current State: India has made significant strides in infrastructure development over the past …
The Information Technology Sector plays a crucial role in the stock market. It includes companies that focus on software, hardware, and IT services. As our world becomes more digital, the importance of this sector continues to grow, making it an attractive option for investors. What is the IT Sector? The IT sector consists a wide …