Learn about the new and old tax regimes, including tax rates and surcharges applicable to various income levels.

In the Budget 2025, Finance Minister Nirmala Sitharaman increased the income tax rebate limit from Rs 7 lakh to Rs 12 lakh in ...

The old tax regime, which remains unchanged in the 2025 Budget, allows taxpayers to claim various exemptions such as House Rent Allowance (HRA), deductions under Section 80C (like for life insurance ...

Will the new tax regime put more money in your pocket, or should you stick with the old regime? Here is all you need to know.

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

To the relief of middle-class tax payers, Finance Minister Nirmal Sitharaman announced a new tax slab during the Union Budget ...

And if you do not opt out of the new tax regime, you are entitled to pay your taxes under a lower tax slab (which is a ... The maximum amount of deduction allowed is Rs. 75,000 for the medical ...

Budget 2024 ushered in sweeping changes in the new tax regime, rejigging income tax slabs and hiking the standard deduction ...

In the Union Budget 2025, Finance Minister Nirmala Sitharaman is expected to adjust the personal income tax rules under the ...

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

The government on Saturday explained how the tax reforms, proposed under the new income tax slabs, will benefit the middle ...

Ans. Earlier the limit of income for nil tax payment was Rs 7 lac. By increasing this limit to Rs 12 lakh around one crore assessees who were earlier required to pay tax varying from Rs 20,000 to Rs ...