Tax Regime

With both tax regimes still in play for FY 2025-26, choosing the right one could help you save more—if you know what to consider.

India needs tax reforms to boost small firms, says NITI Aayog member Arvind Virmani

Simplifying tax rates would add to the efficiency of micro, small and medium enterprises (MSMEs), make imports competitive and improve export prospects, NITI Aayog member Arvind Virmani said.

Financial and tax planning 2023-24: How to choose the most suitable tax regime | Simply Save

In this edition of the Simply Save podcast, Moneycontrol's Preeti Kulkarni speaks to Bhavesh Shah, senior partner with Mumbai-based chartered accountancy firm Hasmukh Shah & Co to understand why it is important to commence tax planning process early and how you should pick the tax regime most suitable to you. Tune in for more

Employers to ask employees about preferred tax regime for deducting TDS from salary: CBDT

In case an employee does not intimate his/her employer about the preferred tax regime, then the employer would be required to deduct TDS from salary income as per the new revamped tax regime announced in Budget 2023-24.

Moneycontrol Selects: Top stories this afternoon

Our specially curated package of the most interesting articles of the day will help you stay at the top of your game

GST Council needs to develop a long-term vision for the tax regime

It is time to take stock of what further needs to be done by the Council to ensure that GST becomes the efficient tax that it was purported to be. Four main areas require the Council’s attention including tax rationalisation and multiplicity of audits

Sitharaman says new income tax regime lets people decide on consumption, saving

In her Budget presented on February 1, Sitharaman renewed the push for the new income tax system, which was introduced three years ago but didn't find many takers in the absence of exemptions and deductions

New tax regime 'sweetened' to benefit maximum number of taxpayers: CBDT Chairman Nitin Gupta

Speaking to PTI during a post-Budget interview, Gupta said the intent of the government while announcing the new slabs and rates under the new tax regime is to gradually "do away with deductions and exemptions" so that the "long-standing demand of reduction of taxes for individual taxpayers and entities can be met."

Budget 2023: Temporary market euphoria gives way to despondency

A push towards the new income tax regime and the sell-off in Adani Group take the sheen off a dream budget

Budget may tweak capital gains tax regime

Explaining the rationale, the official said there needs to have an alignment in tax rate and holding period for all the asset class.

Review tax regime for tourism sector to increase India's share in global market, says Parliament panel

The committee in its report tabled in Parliament on Thursday proposed that the ministry recast its website in a more user-friendly manner.

Decoding The New Tax Regime | Managing Money With Moneycontrol

Here is all you need to know about the new tax regime

Finance Ministry expects at least 80% of taxpayers to move to new tax regime

The budget 2020-21 has introduced more tax slabs and offers higher limits provided the taxpayer is ready to forego all the existing exemptions and deductions including home loan interest, other tax savings investments.

Budget 2020 | Govt expects 80% taxpayers to shift to new regime: Report

The belief stems from data analysis which showed that a number of individuals did not avail House Rent Allowance (HRA) or other investment deductions

Budget 2020: Introduction of taxpayers' charter a positive step says Hitesh Gajaria, KPMG

In a special interview with Moneycontrol, KPMG 's Hitesh Gajaria explains his take on the taxpayers' charter and the new tax regime.

Explained | 6-point analysis of the new income tax regime

Watch this video to find out more about the new personal tax regime

GST Council agrees on 5 areas; differ over 1st meet decision

In signs of fracture, the Centre and states today disagreed on decisions reached at the first meeting of the GST Council on service tax assessment although they reached a consensus on area based exemption in the new tax regime.

GST: Deutsche Bank doubts 2017 deadline, predicts April 2018

According to the global financial services major, though the government would ideally like to launch GST from April 2017, it is unclear whether administrative and technological set-up required to make the transition will be up and running by then.

Budget 2016: Financial services sector needs more focus

Financial services sector needs a special thrust in the Union Budget 2016, especially given the government‘s desire to augment the existing infrastructure in the country.

Budget 2016: Un-tax my insurance, requests the average insurance buyer

Insurance products are surrounded by service tax and income tax, which should not be the case.

Corporate tax may be cut by 1% in Union Budget, say sources

The government is trying to cut corporate tax from the current 30 percent to 25 percent in the next four years.

Economists tell PM to work for high growth

Setting the tone for the discussion, Modi emphasised on the need for cooperative federalism and added that he favoured healthy competition for development amongst states.

Need exports to grow at 25% for 15-16% mfg growth: DIPP

Secretaries finalised one year and three year action plan on Make in India, says DIPP secretary Amitabh Kant. He says specific sector-wise action plan will be implemented, while adding that the industry raised issues on predictable tax regime, infrastructure deficit, inverted duty structure and land availability.

Retro tax panel for new cases only; pre-Budget meet in Nov

Revenue secretary Shaktikanta Das says there is a need to move away from aggressive tax planning and assessments. He says the industry needs to work closely with the government to encourage a non-adversarial tax regime.

Need streamlined, investor-friendly tax regime: Adi Godrej

In order to ensure long-term investor interest into the country, Godrej says the government must emphasise on ease of doing business, along with a stream-lined, investor friendly tax regime such as GST.