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

Many taxpayers preferred the old tax regime because it allowed them to claim deductions for expenses like house rent, home ...

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

The government has also raised the TCS exemption limit on Liberalised Remittance Scheme (LRS) transactions from Rs 7 lakh to ...

Budget 2025 simplifies tax rules and provides major relief to taxpayers. The new tax slabs, second-home exemption, senior ...

By investing in NPS and applying standard deduction of Rs 75,000, taxpayers earning Rs 13.7 lakh salary can pay zero tax; ...

The new tax regime is the default tax regime. Currently, the highest tax rate of 30% is applicable from net taxable income ...

Those earning between Rs 12 lakh and Rs 24 lakh (or Rs 24.75 lakh for salaried individuals) will pay 25-31% less tax.

Finance Minister Nirmala Sitharaman’s eighth Union Budget 2025 focused on easing some financial worries of senior citizens.

The National Pension System (NPS) carries a tax-exempt status, which is classified under the EEE (Exempt-Exempt-Exempt) ...

There will be zero income tax up to an annual income of ₹12 Lakh under the new tax regime, FM Sitharaman has announced.

In terms of GST-specific amendments, Budget 2025 also focused on pre-deposit amounts for GST appeals, reducing penalties for E-way bill violations and introducing a 10% penalty for other infractions.