Delhi High Court has ruled that the Customs, Excise & Service Tax Appellate Tribunal (CESTAT) cannot reject an appeal solely because the pre-deposit was made in the wrong account, particularly when ...

Modi’s ‘Minimum Government, Maximum Governance’ slogan was meant to reduce bureaucratic discretion. Unfortunately, the ...

shifting the tax liability to the buyer instead of the supplier. Additionally, a steep compensation cess is levied on tobacco products over and above the 28% GST, making them one of the most heavily ...

You can claim deductions on investments in tax-saving FDs under the old tax regime. Tax-saving ... or financial institution for a pre-defined tenure, earning a guaranteed return over the entire period ...

In contrast, under the Old Regime, the in-hand salary will be 67,99,660,” said Abhishek Soni, CEO and Co-founder of Tax2win. “At a salary of one crore, the average tax rate is 29.26% in the ...

New vs. Old Tax Regime Many high-income earners frequently ask about the tax implications on salaries ranging from ₹1 crore ...

Income Tax Calculations: Do you follow the new tax regime or the old tax regime? Will you switch to the proposed new tax regime once it is implemented for the financial year 2025-26? But what will be ...

In a bid to facilitate the industry which provides over three lakh jobs, the Baddi Barotiwala Nalagarh Industries Association ...

The new tax regime was introduced in 2020 with the aim of simplifying tax filing. It offers lower tax rates but does not allow deductions and exemptions. Here are the tax slabs under the new regime: ...

Ebony Howard is a certified public accountant and a QuickBooks ProAdvisor tax expert. She has been in the accounting, audit, and tax profession for more than 13 years, working with individuals and ...

The new tax regime provides lower tax rates, but eliminates many deductions and exemptions that previously helped individuals reduce their taxable income. This change directly impacts how people ...