The president says the VAT system used across Europe gives other countries unfair trade advantages. Here’s how the system ...

Pensions in the EU amount to some three-fifths of late-career work income. In many European countries, this rate falls below ...

The Government of Canada sets the federal income tax rates for individuals. Each province and territory determines their own income tax rates. Provincial or territorial income tax rates apply in ...

The new income tax regime provides for concessional tax rates and liberal slabs. However, no deductions are allowed in the new regime (other than those specified for, e.g., 80JJAA, 80M ...

Revised Income Tax Slabs and Rates Explained: In her Union Budget 2025 speech, Finance Minister Nirmala Sitharaman introduced a revised tax structure aimed at reducing the burden on taxpayers.

Finance Minister Nirmala Sitharaman overhauled income tax rates and slabs in Budget 2025-26 to bring relief to the salaried middle class. Here's how much you will be saving now if you are in the new ...

Previously, under the new tax regime, an individual earning ₹12 lakh was required to pay ₹80,000 in income tax. With the latest changes, this tax liability has been reduced to NIL. 6. How much extra ...

Latest Income Tax Slabs, Rates In Budget 2025: Union Finance Minister Nirmala Sitharaman announced massive income tax relaxations in the first full budget as expected by the people. The Central ...

Finance Minister announced changes in individual income tax slab rates in her Budget 2025. Let us look into the New Income Tax Slab Rates FY 2025-26. Note – Refer to my new post on Budget 2025 ...

However, from FY 2025-26, this section of the taxpayers was divided into three parts and the new rates were introduced. Those with income from Rs 16,00,001 to Rs 20,00,000 had a 20% tax rate, from Rs ...

"I am now happy to announce that there will be no income tax payable upto income of ` 12 lakh (i.e. average income of ` 1 lakh per month other than special rate income such as capital gains) under the ...