The finance minister presented the Union Budget 2026 today. While this year’s budget did not tinker with the tax slabs under the old or the new tax regime, it did have a bit of good and bad news depending on your investments and expenses. Let’s look at some of the key announcements in Budget 2026.… Continue Reading
The Union Budget 2025 brought huge relief to middle class taxpayers by changing tax slabs and reducing tax rates. Further, the income up to Rs 12 lacs was made tax-free through rebate under Section 87A. Amidst this excitement, you may have missed an important change for taxpayers with multiple houses. In this post, let us… Continue Reading
The Finance Minister has offered huge relief to taxpayers in the Union Budget 2025. This is something many middle-class taxpayers had been craving for. Let’s check out the major highlights of Union Budget 2025, including the relief to middle class income taxpayers. Pay No Taxes for Income up to Rs 12 Lacs Yes, you heard… Continue Reading
The Government of India took away indexation from real estate investments through a proposal in the Budget 2024. After collecting feedback, the Government retracted and allowed indexation benefit to properties bought before July 2024. How Will the Capital Gains from Real Estate Be Taxed? For properties sold before July 23, 2023 Short Term capital gains… Continue Reading
The Finance Minister presented an action-packed budget today with a number of changes on the personal taxation and capital gains front. Here are the important changes. #1 Increase in Capital Gains Tax (Negative) Long term capital gains (LTCG) tax on sale of stocks/equity funds has been increased from 10% to 12.5%. The exempt LTCG limit… Continue Reading
The Budget 2023 made multiple announcements that had a direct impact on the middle-class taxpayers. While the most prominent was about the fresh incentives for the New Tax regime, there were quite a few other small yet important takeaways from the budget. One such takeaway was in the form of clarification about disallowing double deduction… Continue Reading
The Finance Minister presented the Union Budget 2023 today. In the past, taxpayers have had big expectations from the Union Budgets but the budget announcement turned out to be a damp squib. Yes, there are always policy changes but not many seem to affect the salaried class directly. The Union Budget 2023 is an exception.… Continue Reading