The bill also changes deductions and exemptions. Earlier, Sections 10 and 80C to 80U of the Income Tax Act, allowed deductions in investments, donations, and specific expenses. The time frame for ...

Budget 2024 had increased the slabs by Rs 1 lakh each in 5% and 10% tax rates, recalls Killa. “As has been the trend, tax rates are likely to remain the same as before with a Rs 50,000 to Rs 1 ...

the following income tax slabs apply: Up to Rs 2.5 lakh: No tax is applicable. Rs 2.5 lakh to Rs 5 lakh: 5 per cent Rs 5 lakh to Rs 10 lakh: 20 per cent Rs 10 lakh and above: 30 per cent The ...

If our budget allows, we may implement both measures — making income up to Rs 10 lakh tax-free and introducing a 25 per cent slab for income between Rs 15 lakh and Rs 20 lakh.” The ...

Two workers were injured when three slabs of quartz stone fell on them at Bespoke Stone's workshop A stone company has been fined thousands of pounds after two workers were injured by slabs that ...

A manufacturing firm in Ipswich has been fined after two workers were struck by slabs of stone, with one of the men sustaining multiple bone fractures as a result. Three slabs of quartz stone fell ...

“The proposed hike in tax collected at source threshold on remittances under the Reserve Bank of India's Liberalised Remittance Scheme from ₹7 lakh to ₹10 lakh should benefit the travel and ...

Step 2: You need to Select Quick Links and choose Tax calculator. ALSO READ: Top 10 income tax changes from 2024 to look out for while filing ITR in 2025 Step 3: Click the link to go to the Income ...

Finance Minister Nirmala Sitharaman, in her Budget announcement, exempted individuals earning up to twelve lakh rupees per year from income tax and restructured the tax slabs. For salaried ...

Designs of the land-based fishing platform at the Dundee Beach boat ramp, from which large concrete slabs washed away. Picture: Supplied. The Department of Logistics and Infrastructure said it was ...

In a tweet addressed to the finance minister, Chadha proposed a radical simplification of income tax slabs, saying, “Above ₹10 lakh: 10%. Above ₹20 lakh: 20%. Above ₹30 lakh: 25%.