The new Income Tax Bill will replace the current Income Tax Act, once it becomes effective from April 1, 2026. However, many ...

Under the new bill, the draft proposes a standard deduction of Rs 75,000 or the salary, whichever is less, where income is ...

In the Budget 2025, Finance Minister Nirmala Sitharaman increased the income tax rebate limit from Rs 7 lakh to Rs 12 lakh in the New Tax Regime. Effectively, individuals earning up to Rs 12 lakh will ...

The new Income Tax Bill 2025 consolidates salary provisions for clarity, incorporating previous deductions into the salary ...

The government increased the tax exemption limit to Rs 12 lakh and revised rates lower under the New Tax regime in the Budget ...

Inheritance tax is no longer a concern solely for the wealthy. Prior to chancellor Rachel Reeves’ first Budget, it was ...

The Government said it wants to continue to offer tax incentives for people saving into pensions, such as tax relief on ...

and 30% for income above INR 10 lakh. List of Deductions or Exemptions Under Old Tax Regime The simplified new tax rate regime requires specified tax deductions and exemptions to be forgone.

Your main options will be to keep the inherited portfolio intact, cash it in, overhaul and integrate it into your own ...

Maximise tax-saving opportunities before the 28 February deadline with strategic financial moves and investment contributions ...