Union Finance Minister Nirmala Sitharaman on Saturday announced a major relief for the salaried class. The salaried class ...
Standard deduction is a flat deduction available on the salary income that helps reduce the taxable income of a taxpayer.
Under the old tax regime a standard deduction of Rs 50,000 is available for the salaried class, on the other hand, under the ...
The new tax regime simplifies income tax, but with fewer deductions in play, taxpayers must make the most of the available ...
Finance Minister Nirmala Sitharaman may not scrap the old tax regime, but tax sops, if any, are likely to be announced only ...
New system's simplicity, reduced tax liability, increased disposable income potential 'make it a formidable alternative' ...
The proposed changes could substantially increase the disposable income available to both middle-class and high-income ...
Individuals earning up to Rs 12,00,000 per annum exempted from income tax; salaried taxpayers get additional Rs 75,000 ...
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, ...
Latest income tax slabs 2025-26 after Budget 2025: FM Nirmala Sitharaman announced nil income tax for individuals earning up ...
Budget 2024 ushered in sweeping changes in the new tax regime, rejigging income tax slabs and hiking the standard deduction ...
Budget 2025 income tax expectations: Standard deduction is a flat deduction available on the salary income that helps reduce the taxable income of a taxpayer. Personal tax experts are of the view ...