You can use income tax calculator to compute income tax under both the regimes i.e., new tax regime and old tax regime, ...

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 ...

Here are the income tax slabs, rates, and deductions announced by Finance Minister Nirmala Sitharaman in the Union Budget ...

Introduced in 2020, the new tax regime became a default regime in 2023. To be able to file tax return under the old tax ...

With a focus on the middle class and easing compliance, Union Finance Minister Nirmala Sitharaman proposed in Budget 2025-26 ...

With inflation and the rising cost of living affecting household budgets, many are expecting the government to introduce ...

In a major relief for the middle class, Finance Minister Nirmala Sitharaman announced that individuals earning up to Rs 12 ...

Latest Income ... exemptions and deductions. Below are the current tax slabs:Income up to Rs 2,50,000: Nil Income from Rs 2,50,001 to Rs 7,00,000: 5 percent Income from Rs 7,00,001 to Rs 10,00,000 ...

Millions of taxpayers face paying more income tax due to frozen tax allowances. We explain how income tax is calculated.