From FY 2023-24, tax rates for the new tax regime are revised. The new Tax Regime was introduced in Union Budget 2020-21. So now there is old tax regime, new tax regime applicable till AY 2023-24 and Revised new Tax Regime applicable from AY 2024-25.Now taxpayer has a choice to Ta...
Tax slabs rates in old and new tax regimeSubmit a Comment Your email address will not be published. Required fields are marked * This site uses Akismet to reduce spam. Learn how your comment data is processed.YouTube Videos on Income Tax How to file ITR1 new Income Tax Website, for ...
(AY 2024-25), the rebate under Section 87A has been increased from Rs. 5 lakhs to Rs. 7 lakhs. Thus, individuals with a net taxable income of up to Rs. 7 lakh can avail tax rebate u/s 87A under the new tax regime. Those who choose to pay tax as per the old regime will be...
Additional tax changes include higher taxes on smoking, the introduction of VAT on private school fees, and the abolition of the non-dom tax regime beginning in April 2025. In her budget statement, Reeves stressed the importance of investment, saying that the government will deliver "a boost to...
Indonesia's parliament has introduced a new "omnibus" law – known as the Harmonized Tax Law. What you need to know The Harmonized Tax Law makes a number of amendments to the income tax and value-added tax (VAT) regimes in Indonesia, and also introduces a new carbon tax on coal-fired...
The international tax proposals in the Biden Administration's FY 2024 Budget come largely from prior-year budgets.
Whatever the context of our representation, our corporate lawyers integrate with our intellectual property, real estate, environmental, exempt organizations, litigation, creditors' rights, employment, employee benefits, personal planning, and tax groups in delivering superior services to our clients. ...
4 July 2024 Include Conveyance Allowance in New Tax Regime Conveyance allowances, which are typically provided to employees to cover travel expenses from home to the workplace, can now be included in the new tax regime calculations. Set this up in the tax preferences to maximize tax benefits ...
This article introduces the motivations and tax implications associated with one possible route: formal capital reductions.tax-m and a tax planning-tax compliance and tax planning 05 November 2024 Insight China: School of Hard Knocks for UK Education Providers It was only a few years ago that...
Importation of vehicles attracts excise duty ranging from 25 percent to 35 percent depending on the size of the engine, while the standard 16 VAT also applies. Excise tax is charged on sum of landed cost of the car and import duty, with VAT applied on the resultant value. ...