For senior citizens investing in fixed deposits, the threshold for TDS on interest income exceeding Rs 50,000 was raised to ...

The Government of India levies tax upon the income of salaried and self-employed citizens of all age groups. Once you figure out which tax slab you fall under as per your tax regime, it becomes easier ...

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

The Union Budget 2025-26 has kept the tax slab rates unchanged for salaried individuals below 60 years old. The existing tax slab rates are as follows: nil for individuals earning up to INR 2.5 ...

Income Tax Exemption Limits However, the old tax regime ... loan up to Rs 2 lakh. Senior citizens also get exemptions such as HRA and LTA. Tax Slabs Under the New Tax Regime which is applicable ...

Senior citizens earning below ₹3 lakh (under the new tax regime) benefit from the higher ... Senior citizens with old NSS accounts that no longer earn interest can withdraw their funds tax ...

Expectations: Speculation is rife that the government may raise exemption limit significantly, with some experts suggesting a ...

FM Nirmala Sitharaman announced major income tax relief, with no tax payable on income up to Rs 12 lakh. New tax regime to be ...

Nirmala Sitharaman made a historic announcement that there will be no income tax payable for those with an income upto ₹12 lakh.

A major change introduced in the Finance Bill 2025 is restructuring the New Income Tax regime to provide more take home to salaried employees and encourage them to spend or invest further. The change ...