Tag Archives: Income Tax

The wait for budget is over, with the finance minister Nirmala Sitharaman set to present the Union Budget 2025-26 on Saturday. While the youth are hoping for job-creation initiatives, the salaried class is eagerly anticipating income tax relief.Taxpayers and industry stakeholders are eagerly anticipating major announcements on tax slabs, fiscal consolidation, and sectoral incentives.President Droupadi Murmu’s address to the joint …

Budget 2025 income tax expectations: The new income tax regime was introduced as an optional tax regime from FY 2020-21. Budget 2025 income tax expectations: Ever since Finance Minister Nirmala Sitharaman introduced the new income tax regime with reduced tax rates and almost no deductions and exemptions, salaried taxpayers have been wondering whether the old income tax regime will eventually …

President Trump has promised to generate a “massive” amount of revenue with tariffs on foreign products, an amount so big that the president said he would create a new agency — the External Revenue Service — to handle collecting the money. “Instead of taxing our citizens to enrich other countries, we will tariff and tax foreign countries to enrich our …

Seven years ago, when Republicans passed the most significant overhaul of the tax code in a generation, they were sure the law would supercharge investment, raise wages and shift the American economy into a higher gear. So did it? The answer, at least for now, is largely lost to history. A pandemic and a surge in inflation convulsed the global …