Taxpayers News
Women’s Day? Let’s talk about the unseen cost of being a woman: ‘Pink Tax’— What is it and how can you avoid it?
Women’s Day 2025: The pink tax refers to the tendency for products marketed specifically toward women to be more expensive than those marketed toward men.
5 min read8 Mar 2025Mint Quick Edit | Finally, a tax law we may be able to grasp
India’s move to simplify its income tax law promises us relief from something even experts found hard to comprehend. And it’s unjust for anybody to be hauled up for breaking rules they can’t understand.
1 min read14 Feb 2025New Income Tax Bill, half the size of 1961 I-T Act, built on core ‘SIMPLE’ principles: What are they?
New Income Tax Bill 2025: The Income Tax Bill 2025 has 57 tables, compared to 18 in the existing I-T Act of 1961. The new bill removed 1,200 provisos and 900 explanations.
3 min read13 Feb 2025New Income Tax bill 2025 tabled in Parliament: Top 10 highlights every taxpayer MUST know
New Income Tax Bill 2025 aims to simplify language by replacing complex terms with easier alternatives. Spanning 622 pages, it contains 536 sections and 23 chapters, without introducing new taxes, focusing instead on clarifying existing laws from the 1961 Act
4 min read13 Feb 2025Income Tax Budget 2025 Highlights: Who is likely to benefit most from FM Nirmala Sitharaman’s tax slab change?
Income tax Budget 2025 Highlights: Finance Minister Nirmala Sitharaman announced new tax slabs in the new tax regime 2025, so there will be no income tax for those drawing ₹12 lakh and less
85 min read3 Feb 2025UK’s top 100 taxpayers revealed: No.1 on the list is not Ed Sheeran or JK Rowling, it is someone known to Rishi Sunak
UK’s top 100 taxpayers list from The Sunday Times, UK revealed that regulars like Ed Sheeran or JK Rowling were not heading the list this year, according to a news report. Check details on the list of top 100 individuals.
3 min read26 Jan 2025Tax-policy reforms have a huge role to play in Viksit Bharat journey
A taxpayer-friendly policy is critical to fund public investment and drive growth. Opportunities exist to drive up revenue. For example, we can bring the informal sector under the tax net. But we also must simplify the law, update and align it with global norms.
4 min read24 Jan 2025US free tax filing system expands to 24 states, 30 million taxpayers in 2025
USA-TREASURY/TAX:US free tax filing system expands to 24 states, 30 million taxpayers
1 min read4 Oct 2024140,000 people did their taxes with the free IRS direct file pilot. But program’s future is unclear
140,000 people did their taxes with the free IRS direct file pilot. But program’s future is unclear
2 min read27 Apr 2024Income-Tax Department clarifies amended India-Mauritius Tax Treaty not yet ratified, notified
In March 2024, India and Mauritius signed an amendment to the double taxation avoidance agreement. The clarification comes after there were concerns that foreign portfolio funds routing through the island nation to India would face increased scrutiny by tax authorities.
2 min read13 Apr 2024Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared