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 ...

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

It is advocated by the Government that 75% of the assessees have moved to the New Tax Regime, which is not out of love and ...

Introduced in the Union Budget 2020, the new tax regime offers significant reductions in tax rates, but limits the ...

What if you earn more than Rs 12.75 lakh? Should you pick the new tax regime for lower rates or stick to the old one for ...

The old tax regime remains unchanged. 'Taxpayers opting for it will continue to follow the existing slab rates and deductions ...

Under the New Tax Regime, both individuals receiving a salary and pensioners can now benefit from a standard deduction of Rs ...

While it is well known that new income tax regime is simplified tax regime without tax exemptions and deductions ...

The new, simplified tax regime is now a clear winner in the case of most tax slabs, show Deloitte calculations. In case of ...

Union Finance Minister (FM) Nirmala Sitharaman, who presented her eighth consecutive Union Budget on February 1, streamlined ...

Finance Minister Nirmala Sitharaman may not scrap the old tax regime, but tax sops, if any, are likely to be announced only ...