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CONCESSIONAL TAX REGIME
Old vs new tax regime: Key differences that you must know before ITR filing for tax year 2026-27The new tax regime offers lower rates but removes many deductions, making a thorough comparison with the old regime crucial. While both reg...
RSU vs ESOP: Which is better for you as employee? Pros and cons explainedFrom vesting-day perquisite taxes to a 40% US estate levy that most Indian professionals never see coming, your employer’s stock is not the...
Used meal card benefits? Form 12BA deadline alert: Why salaried employees must collect it by April 30 for filing ITR for AY 2026-27Salaried employees need to collect Form 123 from employers by April 30, 2026. This form details perquisites like meal card benefits. It is ...
Concessional diesel: No relief for VedantaThe Supreme Court has backed a High Court decision against Vedanta. The company will not get cheaper diesel. This is because Vedanta used t...
Finance Bill 2026 rewrites MAT rules, nudges firms to concessional tax regimeIndia's minimum alternate tax rules are changing significantly from April 1, 2026. The MAT rate will drop to 14%. New MAT credits will not ...
ICAI bats for concessional tax regime for partnership firmsThe Institute of Chartered Accountants of India has proposed a special tax regime for partnership firms in light of the 2024 Budget review ...
Start 30% tax slab at Rs 30 lakh in Budget 2024 to give inflation-relief to middle class: Expert viewBudget 2024 expectations income tax slab changes: The tax rate of 30% for income exceeding Rs. 15 lakh in the new tax regime is very steep ...
Union Budget 2024-25: Extension of concessional tax regime for India’s manufacturing sectorBUDGET EXPECTATIONS: India's upcoming Union Budget for FY 2024-25 is anticipated to extend the 15% concessional tax rate for new manufactur...
Budget should double standard deduction, raise basic exemption to Rs 3.5 lakh under new tax regime: EYEY recommends significant tax reforms in the upcoming Budget, urging the government to double the standard deduction under the new concessi...
Concessional corporate tax rate of 15% for eligible ‘start-ups’ has not been extended beyond March 31, 2024No extension of concessional tax rate: Interim Budget 2024 has disappointed the manufacturing start-up companies by not extending the sunse...
Interim Budget: Capex & R&D push, simplified taxes top India Inc's wishlistInterim Budget: The Confederation of Indian Industry (CII) and the Federation of Indian Chambers of Commerce and Industry (Ficci) on Wednes...
Comparison of new income tax regime with old tax regimeThe new tax regime effective from April 1, 2020, co-exists with the old/existing tax regime. The new tax regime offers lower, concessional ...
Expectations from Budget 2023: Will salaried individuals get income tax relief this year?Today, February 1, is the day when Finance Minister Nirmala Sitharaman will announce the budget proposals for the financial year 2023-24 (s...
Fewer I-T slabs, make it simplerSalaried employees bear the bulk of the burden of paying personal I-T now, while traders and producers in the unorganised sector get by wit...
Union Budget 2022: Demystifying the old and new tax regimeSwitching to the concessional regime is completely ‘optional’. So you could opt for the old regime which allows you to avail exemptions, de...
New tax regime doesn't allow LTC cash voucher tax benefit: ExpertsAs per existing income tax law, an employee can claim tax-exempt payment of LTA/LTC (if provided by employer) equal to the fare of domestic...
Electronics cos ask finance ministry to extend 15% tax rate to old units“We are in consultations with the Ministry to find out the applicability of various incentives enjoyed by the manufacturers in the 15% conc...