Sitharaman Meets Global Finance Ministers, Reaffirms India's Push For Tax Transparency
According to the Ministry of Finance, the meeting took place in the presence of the Minister of State for Finance, Pankaj Chaudhary, on the sidelines of the 18th Global Forum Plenary and Associated Meetings, being held in New Delhi from December 2 to 5, 2025.
Dec 02, 2025, 17:27 PM IST
CBDT Chief Confident Of Achieving Rs 25.2 Lakh Crore Direct Tax Collection Target For FY26
Speaking on the sidelines of the India International Trade Fair (IITF) here, Agarwal stated direct tax mop-up is growing at 6.99 per cent as compared to last year, which is an encouraging trend.
Nov 17, 2025, 16:22 PM IST
FICCI Flags Tax And Customs As Key Demands From Union Budget 2026-27
FICCI calls for immediate steps to reduce a large backlog of appeals before the Commissioners of Income Tax (Appeals), saying pending cases and blocked refunds strain taxpayers and the system according to a press release.
Oct 28, 2025, 18:06 PM IST
'Festive Booster': Centre Releases Tax Devolution Of Rs 1,01,603 Cr To State Govts
Meanwhile, the Central government had received Rs 10,95,209 crore during the period, which comprises 31.3 per cent of the corresponding budget estimates (BE) for 2025-26. Of this, a sum of Rs 6,61,812 crore constitutes net tax revenue to the Centre, Rs 4,03,608 crore was non-tax revenue, and Rs 29,789 crore was part of non-debt capital receipts.
Oct 02, 2025, 09:00 AM IST
Fixed Deposits vs Debt Mutual Funds: Returns, Tax Benefits, Liquidity & Risk Compared For Conservative Investors
Understanding these differences can help you choose the right option for your financial goals.
Sep 21, 2025, 09:18 AM IST
Taxes On Income, Investment And Even On Saving: CA Explains 'Real Tax Burden' Faced By Upper-Middle-Class
Salaried people in India pay taxes on nearly every step, including income, spending, investing and even savings. This is the analysis of CA Nitin Kaushik, who has in a financial thread broken down India’s tax system that impacts the middle and upper middle classes.
Aug 20, 2025, 14:32 PM IST
10 Countries Where You Don't Have To Pay Any Income Tax
Here is the list of 10 countries in the world that does not levy any personal income tax from its citizens.
Jul 16, 2025, 12:35 PM IST
Big Relief For NRIs: US Senate Cuts Proposed Remittance Tax From 3.5% To 1%
The revised proposal is expected to benefit around 2.9 million Indians living in the U.S.—the second-largest immigrant group in the country, according to the Migration Policy Institute.
Jun 29, 2025, 12:32 PM IST
Ahmedabad Collects Rs 834.8 Crore In Property Tax Under Advance Rebate Scheme
In previous years, the Ahmedabad Municipal Corporation (AMC) has seen a steady rise in property tax collections under the Advance Property Tax Rebate Scheme.
Jun 01, 2025, 16:10 PM IST
Major Tax And GST Related Deadlines For You In May 2025: Check List Of Financial Deadlines
Several deadlines related to personal taxation, GST are set for the month of May. Check out the listicle.
May 01, 2025, 13:35 PM IST
India's Direct Tax Collections Surge 15.6% To Rs 27 Lakh Crore In 2024-25
The Non-corporate tax collections surged to Rs 13.73 crore from Rs 11.68 lakh crore last fiscal year.
Apr 26, 2025, 07:24 AM IST
Several Luxury Items, Including Watches, Sunglasses, Costing Above Rs 10 Lakh To Attract 1% Tax Collected At Source
The notification shall take effect immediately. TCS, or Tax Collected at Source, is a tax payable by the seller but collected from the buyer.
Apr 23, 2025, 21:03 PM IST
Income Tax Alert: These 6 Transactions Can Get You Notice From I-T Department
Receiving a notice from the Income Tax Department can feel stressful, even when you've filed your returns correctly and on time. But certain high-value or suspicious transactions can still put you on their radar. Here's a reader-friendly guide to six financial moves that may result in a tax notice—and how to stay on the safe side.
Apr 19, 2025, 07:15 AM IST
Centre’s Transfer Of Tax Share To States Shoots Past Rs 11.8 Lakh Crore In April-Feb
The Centre devolves tax revenue to states in accordance with the recommendations of the Finance Commission.
Mar 28, 2025, 20:30 PM IST
Budget 202: No Income Tax Up To Rs 12 Lakh
From the general public to the corporate world, everyone was waiting for this budget. Along with inflation and tax, many announcements have also been made by the government for the middle class.
Feb 01, 2025, 16:26 PM IST
Budget 202: Big boost to the middle class
Union Finance Minister Nirmala Sitharaman has presented the general budget on Saturday. The Union Budget for the financial year 2025-26 was presented on February 1.
Feb 01, 2025, 16:18 PM IST
Direct Tax Collections Poised To Surpass Budget Target For 2024-25
India’s net direct tax collections, comprising corporate tax and personal income tax, shot up by a robust 15.4 per cent to Rs 12.1 lakh crore, from April 1 to November 10 during the current financial year, according to the latest figures released by the CBDT.
Nov 20, 2024, 09:56 AM IST
India’s Net Direct Tax Collections Surge 15.4% To Rs 12.1 Lakh Crore In April-November
Net corporate tax collections of Rs 5.10 lakh crore and non-corporate taxes, such as Rs 6.62 lakh crore paid by individuals, HUFs, and firms.
Nov 12, 2024, 11:41 AM IST
6 Income Tax Rules Kicking In From Tomorrow, October 1
From tomorrow, i.e 1 October 2024, several proposals announced by Finance Minister Nirmala Sitharaman during her Budget 2024-25 announcement will come into effect.
Sep 30, 2024, 11:38 AM IST
New Rule For Taxpayers Kicks In From Tomorrow, 1 October 2024 -- Details Of Direct Tax Vivad Se Vishwas Scheme 2024
The rules pertaining to Direct Tax Vivad Se Vishwas Rules 2024, which will provide lesser settlement amounts for a ‘new appellant’ in comparison to an ‘old appellant’.
Sep 30, 2024, 11:28 AM IST