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

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 ...

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

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 ...

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

New tax regime gets a boost as Budget 2025 proposes major income tax relief, increasing the rebate limit to ₹12 lakh, offering significant savings to taxpayers.

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.

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 ...

In this write-up, we will analyze which tax regime — old or new — is more advantageous for individuals with an annual income ...

With these reforms, the Narendra Modi government is aiming to achieve good governance for the people and economy, which ...

Even for persons with income more than Rs 5 crore, the new tax regime is beneficial as surcharge payable on your income tax is capped at 25% against 37.50% under the new tax regime in case your ...

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 ...