The budget has offered a bonanza to taxpayers who opt for the new tax regime by offering full tax exemption to those earning up to ₹12 lakh a year, raising the basic exemption limit to ₹4 lakh and ...

Union Finance Minister Nirmala Sitharaman has entered the history books after presenting the ninth consecutive Budget.

Severance pay received after job termination is taxable. Individuals must pay advance tax by March 15 to avoid penalties.

Annual income of up to Rs 12 lakh: The new regime results in zero tax because of the interplay between rebate and standard ...

Many types of income in India are completely exempt from tax under the Income-tax Act, provided certain conditions are met.