Introduced in 2020, the new tax regime became a default regime in 2023. To be able to file tax return under the old tax ...

FM Nirmala Sitharaman announced major income tax relief, with no tax payable on income up to Rs 12 lakh. New tax regime to be ...

Summary: Budget 2025 introduces significant changes to income tax slabs under the new tax regime for individuals. Key highlights include tax-free income up to ₹4,00,000, and progressive tax rates ...

He speaks about the new tax regime, complex provisions that exist in the law and his expectations from the new Income Tax Law ...

Understanding these charges can help you better prepare for changes in the tax regime and manage your finances effectively.

The Government of India levies tax upon the income of salaried and self-employed citizens of all age groups. Once you figure out which tax slab you fall under as per your tax regime, it becomes easier ...

In case you are a non-resident individual or even a resident HUF, AOP or BOI you are not entitled to rebate under Section 87A ...

Budget 2025 introduces key personal tax reforms focusing on Viksit Bharat. Amendments include a new income-tax bill, revised ...

The Union Budget has made significant adjustments, including raising the cap of Rebates under Section 87A and drastically ...

The new tax regime is the default tax regime. Currently, the highest tax rate of 30% is applicable from net taxable income ...

Besides this, the benefit of standard deduction was extended to the taxpayers of the new tax regime as well. The highest surcharge was cut down from 37 per cent to 25 per cent in the new tax ...

A major change introduced in the Finance Bill 2025 is restructuring the New Income Tax regime to provide more take home to salaried employees and encourage them to spend or invest further. The change ...