March 18, 2023 02:42 PM IST

Right taxation, regulation to help catapult online gaming industry to make India gaming hub: Report

Regulation of online gaming will not only open up economic opportunities but also address various social issues, a report titled 'Online Gaming in India: The Taxation Quandary' by Primus Partners said.

How are your ESOPs taxed?

Budget 2023: The biggest tax changes for the middle-class

From reducing the income-tax slabs and peak surcharge rates for the new income tax code to increasing the leave encashment limit, Finance Minister Nirmala Sitharaman gave good news in her Budget 2023 speech

Individuals should continue investments even if they opt for new tax regime

Everyone should participate in the Indian growth story by becoming a shareholder, rather than a lender, to generate long-term wealth, for which disciplined asset allocation is the key.

Highest surcharge rate on income tax goes down: Will HNIs benefit?

The Budget 2023 proposes to reduce surcharge rate for an income above Rs 5 crore from 37 percent to 25 percent under the new tax regime

Old Or New: which tax regime should you use for an income of Rs 15 Lakh?

Union Budget 2023-24: Despite Budget 2023's tax sops to the new income tax regime, the choice is not as straightforward. But a back-of-the-envelope calculation shows that Rs 15 lakh income, coupled with Rs 3.75 lakh deduction, is a break-even point

How would Budget changes affect those earning Rs 50 lakh?

Despite the new income tax regime being made more popular, taxpayers should still calculate their taxes before choosing one.

Budget 2023 is by the playbook, says Rashesh Shah of Edelweiss Financial Services

The setting up of physical as well as digital infrastructure, which got a push in the Budget 2023, would be a major growth enabler for India, Shah said

New slabs, more rebate — 5 big personal income tax changes in Budget 2023

In a major boost to the new income tax regime, Budget 2023 increases rebate and exemption limits, rejig tax slabs and reduces tax slabs.

For taxpaying professionals, budget offers relief with increased exemptions

The threshold limits for presumptive schemes of taxation for eligible businesses from Rs 2 crore to Rs 3 crore and for specified professions from Rs 50 lakh to Rs 75 lakh.

Taxpayers note — New income-tax regime will be default tax regime now

Budget 2023 has given a significant boost to the new income-tax regime. It has made the new income tax regime as the default regime, but the old tax regime with exemption will also continue.

What do taxpayers want from the budget? | Budget 2023

There’s been a lot of buzz around the Union Budget 2023 since it is the last full year budget before the 2024 Lok Sabha elections. This also makes this the last chance for the government to woo the citizens. So what is it that you and I, the middle-class population, expect from the finance minister this year? Watch the full video to know the six points on our list.

Budget 2023 Expectations: Shorter holding period for non-equity funds, hike in equity LTCG limit to Rs 2 lakh

Simplifying the complex capital gains tax regime in India ranks high in Budget 2023 expectations. It can bring cheer to taxpayers and ensure sustained investor interest.

Explained: Section 80TTB tax break on deposits

Budget 2023 | Jobs, end of firings, tax cuts, and all that millennials, GenZ look for

Budget 2023 should create job opportunities as well as bring relief, by way of tax deductions and lower tax rates, to those who have lost jobs in layoffs, say millennials and Generation Z.

Budget 2023: Why you should invest in ELSS throughout the year, and not make a year-end dash

Budget 2023 must make an effort to increase the section 80C tax deduction limits. Retail investor would benefit if they could save more taxes. A study of inflows into ELSS funds or tax-savings funds shows that when Section 80C tax deduction limits were enhanced, the last time, to Rs 1.5 lakh, flows into these funds went up.

The last date for filing your tax return is December 31. Here’s what’ll happen if you don’t

If you’ve missed the July 31 deadline to file your ITR, you can file a belated return by December 31. Else, you may have to pay higher penalties and face heightened scrutiny.

Third installment of advance tax is due tomorrow. Missing the deadline may prove costly

Taxpayers — salaried, freelancers and businesses — whose estimated income results in tax liability of more than Rs 10,000 in a financial year are required to pay advance tax.

Budget 2023 | MC Budget Manifesto | Taxpayer’s wishlist for FM Sitharaman

The upcoming Budget in 2023 is likely to be the last full-year Budget before the country goes to polls in 2024. Ahead of the election year, will the Indian taxpayer get some relief amid the price rise? In the run-up to the Budget, we present you the MC Budget Manifesto, where we list key expectations of various sectors from FM Sitharaman. So what do the Indian taxpayers wish for in 2023? Let’s find out.

First year in the job? Complete your tax planning over the next three months

The first step towards tax planning is understanding the components of your salary slip. "Finding out what comprises your salary and if tax is being deducted on your income helps you plan to save tax,” says Harshvardhan Roongta, principal, Roongta Securities

Indian aviation market has significant opportunities but taxation always an issue: IATA chief Willie Walsh

The International Air Transport Association (IATA) is a global grouping that represents around 300 airlines, including those from India, and its members account for nearly 83 per cent of the global air traffic.

Stuck while filing tax returns? Get live help from taxman through co-browsing

The income-tax department has launched a new helpdesk facility that can help you, in real-time, file your taxes. Although the facility was launched on November 14, it has still not gone live.

How one common ITR form will ease income tax filings

In the common ITR form, tax filers will be required to answer questions in 'yes' or 'no' format and additional information will be asked accordingly.

ITR filing | Deadline to file returns with audit reports pushed back to November 7

In what appears to be a relief given to individuals and small businesses where audit reports are required to be attached with income-tax filings, due to the ongoing holiday season, the CBDT has extended the tax-filing deadline to November 7.

Planning to buy a house? Harvest your capital gains & avoid taxes

The Capital Gains Account Scheme allows you to avoid taxes on your capital gains from the sale of mutual funds, stocks, gold, etc., provided you buy a house.