As the new financial year commences on April 1, 2025, several significant income tax changes have officially come into effect, directly impacting salaried individuals, senior citizens, investors, and taxpayers across the country. Announced during Budget 2025, these updates aim to simplify compliance, improve transparency, and provide substantial relief to the middle class. From revised tax slabs to increased deduction limits and changes in TDS thresholds, here’s a complete breakdown of

The Pakistan Cricket Board (PCB) has reportedly suffered an estimated Rs 869 crore (USD 85 million) loss after hosting the ICC Champions Trophy 2025, resulting in severe budget cuts across various sectors of Pakistani cricket. This substantial financial setback has prompted drastic cost-cutting measures, including reductions in match fees and player accommodations. The financial blow stems from heavy investments in stadium upgrades and event preparations. According to a report by The Telegrap

The aggressive trade policies of US President Donald Trump have sent shockwaves through global markets, with Wall Street facing a significant downturn. Major indices such as the S&P 500, Nasdaq, and Dow Jones witnessed sharp declines in the overnight trading session. The financial turbulence erased a staggering $4 trillion from the S&P 500's peak just last month.   Impact on Major Tech Stocks The recent sell-off disproportionately

Choosing the right tax regime is an important decision for taxpayers in India. The old and new tax regimes offer different benefits, and individuals must carefully analyze their financial situation before selecting the most suitable option. While salaried employees have the flexibility to switch every year, business professionals have a more restricted choice.The decision between the two regimes depends on factors such as tax-saving investments, exemptions, and deductions. Understanding these

The Indian stock market is going through one of its worst phases in nearly three decades, with the Nifty 50 slipping 15% from its September peak. This marks its longest losing streak in 29 years, causing investor wealth to shrink by more than ₹90 lakh crore. On Friday, Nifty lost over 400 points, and the Sensex plunged by 1,400 points, sending shockwaves through Dalal Street.Investors are increasingly concerned about foreign institutional investor (FII) outflows, small- and mid-cap stock de

The Union Budget 2025 has brought a major tax relief for the middle class, with Finance Minister Nirmala Sitharaman announcing that individuals earning up to ₹12 lakh annually will have zero tax liability under the new tax regime. Additionally, salaried individuals can claim a standard deduction of ₹75,000, effectively making income up to ₹12.75 lakh tax-free. This move is aimed at simplifying tax compliance and increasing disposable income for millions of taxpayers.  

The Union Budget 2025 has introduced significant changes to the income tax regime, offering relief to middle-class taxpayers. Finance Minister Nirmala Sitharaman proposed raising the basic exemption limit to Rs 4 lakh and increased the income threshold for the rebate under Section 87A to Rs 12 lakh. This means individuals earning up to Rs 12 lakh, with a standard deduction of Rs 75,000, can avoid paying taxes altogether. But for those earning more than Rs 12.75 lakh, choosing between the old

The US stock market saw a sharp decline on Monday following President Donald Trump’s announcement of new tariffs on Canada, Mexico, and China. The Dow Jones Industrial Average fell by over 450 points, marking a decline of more than 1%, while the S&P 500 dropped 1.5% and the Nasdaq lost 1.8%. These significant losses reflect growing concerns over escalating trade tensions and the potential negative impact on the global economy. The new tariffs, which impose a 25% duty on imports from

A shocking revelation from the Financial Times has disclosed that ousted Syrian President Bashar al-Assad's regime airlifted around $250 million to Moscow between 2018 and 2019. The cash, including nearly two tonnes of $100 bills and €500 notes, was flown to Moscow’s Vnukovo airport and deposited in Russian banks under sanctions. This move was part of Assad's efforts to bypass Western sanctions that isolated Syria from the global financial system. During this time,

The fall of Bashar al-Assad’s 50-year regime has ushered in a new chapter for Syria, marked by jubilation and uncertainty. In Damascus, crowds celebrated the regime's collapse, while other groups, including rebel factions, engaged in efforts to stabilize the country and fill the power vacuum left behind. Syrian journalist Abdo Fayyad attributes this shift to the 2016 opposition victories in Idlib, which laid the groundwork for today’s rebel advances. While the future

The potential fall of Syria’s Assad regime poses a serious challenge for Russia’s foreign policy and military strategy. One of Moscow's most prized assets from its involvement in Syria has been its naval base at Tartus, located on the Mediterranean coast. However, recent developments, including the departure of Russian warships from Tartus, signal that Moscow's long-term access to this crucial facility is at risk. This would be a major blow to Russia, which has historicall

In a significant development, at least 75 Indian nationals have been evacuated from war-torn Syria, where rebel forces have overthrown President Bashar al-Assad’s government. The evacuees, including 44 pilgrims from Jammu and Kashmir stranded at Saida Zainab, have safely crossed into Lebanon and will return to India by commercial flights, according to the Ministry of External Affairs. The evacuation follows multiple requests from Indian nationals and an assessment of the evolv

Rebel forces led by Hayat Tahrir al-Sham (HTS) have launched a major offensive against the Syrian government, pushing closer to Homs after capturing Aleppo and Hama in a swift military campaign. The rebels, aiming to overthrow President Bashar al-Assad’s regime, are now just five kilometers from Homs, Syria’s third-largest city, which would sever the crucial connection between the capital, Damascus, and the Assad regime’s stronghold on the Mediterranean coast. This would rep

10 Foods Essential for Good Health During Fall As the season transitions from summer to winter, our nutritional needs change, making it essential to adjust our diets accordingly. Incorporating seasonal foods not only boosts our health but also enhances digestion, supports immunity, and prepares our bodies for the colder months ahead. Here’s a list of ten nutrient-dense foods to include in your fall diet: Pumpkin Benefits: High in beta-carotene (vitamin A), fib