Nirmala Sitharaman Thanks States for Unanimous GST Overhaul Support Union Finance Minister Nirmala Sitharaman has expressed her deep gratitude to state finance ministers for their unanimous support in overhauling the Goods and Services Tax (GST) regime. The finance minister wrote to each of them, thanking them for their active role in the landmark decision. In … Read more
New Version: The “Next-Gen” GST Overhaul The 56th GST Council meeting isn’t just about tweaking tax rates—it’s about a major overhaul of India’s tax system. Dubbed “next-gen” reforms, these changes could significantly impact consumers and businesses ahead of the festival season. What’s on the table? These discussions are a crucial step in the government’s push … Read more
The Income Tax (No. 2) Bill, 2025, passed by the Lok Sabha, is set to overhaul the existing tax system for individuals and families in India. Spearheaded by Union Finance Minister Nirmala Sitharaman, this new legislation will replace the Income Tax Act, 1961, and come into effect on April 1, 2026. The key highlight is … Read more
Major Tax Changes for Salaried Employees: What You Need to Know The government has introduced significant changes to India’s income tax structure, bringing clarity to deductions and tax slabs. Here’s a breakdown of the key updates affecting salaried individuals, as confirmed by the Finance Minister and now part of the new legislation. Standard Deduction Increased … Read more
