It is added that since the total income is less than ₹50 lakh, there is no liability to pay surcharge ... she will not be liable to tax under the new tax regime. Under the old tax regime ...

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

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

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

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.

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

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 ...

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

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

Zero tax: Last week, Finance Minister Nirmala ... to Rs 12 lakh would now be exempt from paying any taxes under the new tax regime, thanks to an increase in the Section 87A rebate to Rs 60,000.

Airport workers demonstrate in Charlotte, North Carolina for increased heat protections on the job, August 2024. Credit: SEIU ...