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TDS limit raised for seniors, rents and remittances

Finance Minister Nirmala Sitharaman on Friday proposed to double the limit for Tax Deduction at Source (TDS) on interest income for senior citizens to Rs 1 lakh, and also increase the threshold to......

'Band-aid for bullet wounds': Oppn slams Budget, says poll-centric

The Opposition on Saturday described the Union Budget as one offering "band-aid for bullet wounds" and said the Bharatiya Janata Party-led Centre was only trying to woo voters in Bihar and Delhi......

'America is back': White House website changes

The White House website had a new look with the bold banner headline 'America is back' seconds after Trump was sworn in as the 47th President of the United States on Monday. IMAGE: First lady......

Trump's H-1B Policy Will Affect Desis

Indian Americans contribute approximately 5% to 6% -- roughly $300 billion -- in federal tax revenues annually. Illustration: Dominic Xavier/Rediff.com US President-elect Donald Trump recently......

Trump 47: Disruptor Or Savvy Dealmaker?

Donald Trump's exaggerated opinion of his dealmaking capacity can get him into trouble, observes R Sriram. The danger this time is that the overestimation of his deal making capabilities and the......

FM unveils simpler tax law, middle class gets relief

Finance Minister Nirmala Sitharaman on Saturday unveiled 'transformative' tax reforms that ranged from a simpler income tax law to higher TCS threshold for remittances and income tax benefits for......

Budget should cut taxes to boost consumption: Barclays

The government in FY26 Budget should announce an "effective" personal income tax cut to support consumption and demand, Barclays said on Thursday. Illustration: Dominic Xavier/Rediff.com In its......

Budget: 25% I-T Slab, Higher Rebate Likely

'If our Budget allows, we may implement both measures -- making income up to Rs 10 lakh tax-free and introducing a 25 per cent slab for income between Rs 15 lakh and Rs 20 lakh.' Illustration:......

No income tax up to Rs 12 lakh under new regime

Individuals earning up to Rs 12 lakh annually will not have to pay any income tax under the new tax regime as Finance Minister Nirmala Sitharaman on Saturday gave relief to middle class by raising......

Sitharaman turns middle class hero with tax cuts, reforms

Finance Minister Nirmala Sitharaman on Saturday announced significant income tax cuts for the middle class and unveiled a blueprint for next generation reforms as she looked to shore up a slowing......

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