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 ...

Summary: Budget 2025 introduces significant changes to income tax slabs under the new tax regime for individuals. Key highlights include tax-free income up to ₹4,00,000, and progressive tax rates ...

Budget 2024, which was announced in July 2024, had reduced the surcharge applicable ... to adopt New Tax Regime and saying goodbye to our very Old Tax regime. The below table analyses tax ...

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

Most personal tax experts are of the view that the government will phase out the old income tax regime in the coming years.

In 2020, the finance minister unveiled the new tax regime, which offered taxpayers the option to pay lower tax but forego ...

The Union Budget has made significant adjustments, including raising the cap of Rebates under Section 87A and drastically ...

These slabs apply to individuals, Hindu Undivided Families (HUFs), and associations, and are updated periodically to reflect ...

In this write-up, we will analyze which tax regime — old or new — is more advantageous for individuals with an annual income ...

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

The old tax regime will only be beneficial for those ... the new tax regime is beneficial as surcharge payable on your income tax is capped at 25% against 37.50% under the new tax regime in ...