From FY20 to FY24, the revenue forgone due to tax incentives for individuals and Hindu undivided families stood at Rs 8.7 ...

The Income Tax Department has introduced an online calculator for taxpayers to compare their potential savings under the newly default New Tax Regime, effective April 2025. The initiative aims to ...

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

The proposed changes could substantially increase the disposable income available to both middle-class and high-income ...

Your taxable income is your income after various deductions, credits, and exemptions have been applied. There are also various tax credits, deductions and benefits available to you to reduce your ...

Among the key changes announced was the introduction of a provision under which individuals with a taxable income of up to Rs ...

Finance Bill 2025 introduces tweaks to personal income tax structure, including marginal relief for those earning slightly ...

Recognizing the contributions of the middle class and with an objective to eventually phase out the old tax regime, various ...

India’s tax system saw important updates, making the new tax regime the default for most taxpayers. While it offers lower tax rates, it removes many traditional exemptions.

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