In the Budget 2025, Finance Minister Nirmala Sitharaman increased the income tax rebate limit from Rs 7 lakh to Rs 12 lakh in ...
Despite the removal of many benefits, certain allowances remain exempt under the new tax regime, providing some relief to ...
Introduced in 2020, the new tax regime became a default regime in 2023. To be able to file tax return under the old tax ...
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In Budget 2025, the government opted not to modify the existing tax regime or introduce any new deductions. Finance Minister ...
New system's simplicity, reduced tax liability, increased disposable income potential 'make it a formidable alternative' ...
Taxpayers are keenly awaiting possible reductions in tax rates and increased exemption limits, amid ongoing high inflation ...
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India Today on MSNOld tax regime: Time to let go after Budget 2025 changes?Many taxpayers preferred the old tax regime because it allowed them to claim deductions for expenses like house rent, home ...
Introduced in the Union Budget 2020, the new tax regime offers significant reductions in tax rates, but limits the ...
Finance Minister Nirmala Sitharaman may not scrap the old tax regime, but tax sops, if any, are likely to be announced only ...
The new tax regime allows a salaried individual to claim a standard deduction of Rs 75,000 from the salary income. There is ...
By investing in NPS and applying standard deduction of Rs 75,000, taxpayers earning Rs 13.7 lakh salary can pay zero tax; ...
Standard Deduction: Salaried employees and ... respectively are not allowed. Latest tax slabs under New Tax Regime Under the new tax regime, a taxpayer earning Rs 12 lakh will receive a tax ...
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