The Indian mutual fund market has undergone a major shift with the introduction of Section 194K under the Income Tax Act — a provision that mandates Tax Deducted at Source (TDS) on certain mutual fund earnings. For investors, understanding these rules isn’t just good practice; it’s critical to maximizing net returns and staying compliant with
Introduction Since its introduction on 1 July 2017, India’s Goods and Services Tax (GST) has transformed indirect taxation by unifying multiple levies under a single framework. While GST is divided into multiple slabs—0%, 5%, 12%, 18%, and 28%—the 18% GST slab stands out as the country’s “standard rate.” This category covers a vast range of
Introduction If you’re earning a ₹14 lakh annual salary in the financial year 2025-26, understanding your income tax liability is crucial. With evolving tax rules and two different regimes to choose from, your actual tax outgo can vary significantly depending on the deductions and exemptions you claim. This guide explains the latest tax rates, compares
Introduction India’s Goods and Services Tax (GST), rolled out on 1 July 2017, replaced a patchwork of indirect taxes with a unified, multi-rate structure. Designed to categorize goods and services based on necessity, value addition, and affordability, GST features slabs ranging from 0% for essentials to 28% for luxury items. Nestled in the middle, the
Introduction In India, the taxation system has undergone significant reforms, and one of the most important provisions for the lottery industry is Section 194G of the Income Tax Act.This section deals with Tax Deducted at Source (TDS) on commissions earned from lottery tickets. For lottery agents, distributors, and operators, understanding this rule is crucial. It
New Delhi: When India rolled out the Goods and Services Tax (GST) on July 1, 2017, it replaced a patchwork of indirect taxes with a single nationwide system. To accommodate different economic priorities, the GST Council introduced multiple tax slabs. Among these, the 5% GST slab has emerged as a key category — designed to
In a landmark announcement, Finance Minister Nirmala Sitharaman has unveiled major changes to India’s income tax structure. Under the new tax regime, individuals earning up to ₹12 lakh annually will now pay zero tax. The move aims to make India’s tax system more equitable, growth-oriented, and supportive of the middle class. New Income Tax Slabs
