In Budget 2025, the government opted not to modify the existing tax regime or introduce any new deductions. Finance Minister ...

What if someone earning above Rs 12.75 lakh annually chooses the old regime and claims the maximum deductions? Will it result ...

Union Finance Minister Nirmala Sitharaman explained that these revisions are designed to increase disposable income, ...

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

Save more tax in old tax regime by claiming up to Rs 8.5 lakh tax deductions for a salary income up to Rs 25 lakh. Moreover, ...

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

The new tax regime simplifies income tax, but with fewer deductions in play, taxpayers must make the most of the available ...

New system's simplicity, reduced tax liability, increased disposable income potential 'make it a formidable alternative' ...

Despite the removal of many benefits, certain allowances remain exempt under the new tax regime, providing some relief to ...

In the Budget 2025, Finance Minister Nirmala Sitharaman increased the income tax rebate limit from Rs 7 lakh to Rs 12 lakh in the New Tax Regime. Effectively, individuals earning up to Rs 12 lakh will ...

Individuals earning up to Rs 12,00,000 per annum exempted from income tax; salaried taxpayers get additional Rs 75,000 ...

For individuals who do not invest heavily in tax-saving instruments, the new tax regime could be more beneficial due to lower tax rates and a higher exemption limit. However, those who claim multiple ...