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akhil chandna

Akhil Chandna

In order to promote more taxpayers to opt for new tax regime, it is expected that the government would further reduce the tax rates.

Budget 2024: Here's what the govt may do about the new tax regime

by Akhil Chandna |Jan 27, 2024

Increasing the basic threshold from existing Rs 3,00,000 to Rs 5,00,000 would definitely provide a sign of relief to the middle-class taxpayers.

Interest under section 234C is levied at the rate of 1% per month and is applicable for shortfall or non-payment of advance tax.

Budget 2022: Tax on salary earned abroad - govt should rationalise interest levy under Section 234C

by Akhil Chandna |Jan 30, 2022

Simplifying the provisions related to the levy of interest under section 234C will be one more move that will be welcomed by the taxpayers.