with an additional surcharge of up to 37% and a 4% on the total amount, depending on the new or old tax regime. In Budget 2023, the maximum surcharge for the new tax regime was reduced from 37% to 25% ...

According to the announcement made by Finance Minister Nirmala Sitharaman, there will be no income tax payable for ...

Taxpayers must choose between the old and new regimes based on their income structure and eligibility for deductions. The new regime offers lower rates and simplified calculations, while the old ...

Taxpayers must choose between the old and new regimes based on their income structure and eligibility for deductions. The new regime offers lower rates and simplified calculations, while the old ...

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 ...

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

Budget 2025 increases rebate, no tax liability up to ₹12 lakh; answers on rebate, exemptions, deductions in income tax.

The government's flagship, simplified New Tax Regime has slowly but surely gained tax payers' acceptance. In Assessment Year 2024-25, 72% of taxpayers opted for it. Is this change here to stay?

There is no change in old tax regime. All the benefits like HRA, Housing Loan, Insurance Premium, etc., are still available.

Finance Minister Nirmala Sitharaman has made a big announcement regarding the new income tax bill. While presenting the budget, she said that a new bill related to income tax would come next week.

Keep an eye on changes to surcharge rates for high earners or the introduction of new cess. Any increase ... you better prepare for changes in the tax regime and manage your finances effectively.