FinancialPlanning Archives - Universal Group Of Institutions

03Feb 2025

UGI USER
Budget2025 FinancialPlanning IncomeTax IndiaBudget NilTaxSlab PersonalFinance TaxExemption TaxSlab TaxUpdates
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Nil Tax Slab Increased to ₹12 Lakh Limit

Why in the news? The Union Budget 2025 raised the Nil Tax Slab to ₹12 lakh, offering tax-free income up to ₹12.75 lakh for salaried individuals, along with new tax slabs to reduce the financial burden on taxpayers. Key Highlights: Finance Minister Nirmala Sitharaman presented the first full-fledged budget of the NDA government’s third term …

05Dec 2024

UGI USER
AppealsBacklog FinancialPlanning PendingAppeals TaxMatters TaxpayerRights TaxPolicy TaxRefundDelays TaxRefundIssues TaxSystemReforms
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Tax Refund Delays Due to Pending Appeals Backlog

Why in the news? Delays in income tax refunds are linked to a backlog of 580,000 pending tax appeals. The government’s adjustment of refunds against old tax demands is causing financial strain for taxpayers, despite ongoing reforms in the appeals process. Reasons Behind Tax Refund Delays: Pending Tax Appeals: The delay in tax refunds is …

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Nil Tax Slab Increased to ₹12 Lakh Limit

Tax Refund Delays Due to Pending Appeals Backlog