Rakesh Nangia

If your income exceeds the specified bracket, rebate would not be available and normal tax rates as per the slab would apply on the entire reported income.

Big tax relief in Budget 2025: Who gains and what changes?

by Rakesh Nangia |Feb 3, 2025

The government has proposed to increase the tax rebate available to individual taxpayer opting for the new tax regime. Tax rebate is a form of discount applicable on income falling within a certain ta...

Decoding FM Sitharaman’s funding strategy for Rs 2.05 lakh cr free foodgrain scheme

Interim Budget 2024: FM has unveiled the pathway to 'Vikshit Bharat'; here's how

by Rakesh Nangia |Feb 2, 2024

While extensively delving into administration's steadfastness throughout its tenure, the FM underscored the vision for "Viksit Bharat" ie developed India by 2047.

Budget 2021 was expected to provide more relief to most affected ones including salaried individuals and businesses in the hospitality and travel sector

Budget 2021 rationalises tax rules, removes difficulties faced by taxpayers

by Rakesh Nangia |Feb 6, 2021

The focus on self-reliance, innovation, research and development, infra capex and digital payments in Union Budget 2021 would definitely help in lifting the Indian economy from under $3 trillion to $5...

With Budget 2021 just around the corner, it is time again for the government to meet the high expectations of pandemic-struck India

Budget 2021: What Modi govt should do to revive pandemic-hit economy

by Rakesh Nangia |Jan 27, 2021

Tax policies must adapt to changing times to provide buoyancy and enable companies to undertake business in a time-bound and efficient manner

Budget 2018: A few things to keep in mind for corporates

by Rahul Jain |Feb 11, 2018

Budget 2018 was presented in the midst of widespread speculation that being the last full Budget before elections in 2019, it could end up being populist, hurting the economy and largely at the ex...

Union Budget 2018-19: Govt should withdraw dividend distribution tax

by Rakesh Nangia |Jan 23, 2018

Corporate bodies have started putting forward their expectations, the foremost being rationalisation of tax rates and withdrawal of surcharge and cess on Income Tax. The proposal of the Finance Mi...

Whether India needs a Controlled Foreign Corporation regime

by Rakesh Nangia |Jan 26, 2017

With increase in globalization, geographical boundaries of countries have become blurred and many multinational groups try to get benefit of their global presence to minimize their overall tax cos...

Token reduction likely in corporate tax rates

by Rakesh Nangia |Feb 23, 2016

At the same time, the Budget could lead to clarity as to the manner in which corporate exemptions will be removed.

Govt needs to rationalise individual tax slabs in Budget 2015

by Rakesh Nangia |Feb 10, 2015

While the Budget wishlist is long, the Finance Minister should especially look into several crucial aspects regarding direct taxes, writes Nangia & Company's Rakesh Nangia.