Union Finance Minister Nirmala Sitharaman explained that these revisions are designed to increase disposable income, ...

With Budget 2025 raising break-even limits, tax savings under the old regime seem tougher. But for salaried couples in ...

What if someone earning above Rs 12.75 lakh annually chooses the old regime and claims the maximum deductions? Will it result in tax savings? This article explores the key deductions available under ...

The new tax regime starting FY 2025-26 offers tax exemption for earnings up to Rs 12.75 lakh annually. Despite the new ...

The new tax regime simplifies income tax, but with fewer deductions in play, taxpayers must make the most of the available ...

The new Income Tax Bill, which will replace the six-decade old Income Tax Act of 1961, will make direct tax laws simple to ...

"In the old tax regime, there are certain deductions and ... Now, this has been extended to the third and fourth years," he explained. The idea, he said, is to reduce unnecessary questioning.

This is a notable increase from the previous 10% allowed under the Old Tax ... for income tax. Savings under New Tax Regime Rajarshi Dasgupta, Executive Director-Tax, AQUILAW, explained the ...

The Government of India levies tax upon the income of salaried and self-employed citizens of all age groups. Once you figure out which tax slab you fall under as per your tax regime, it becomes easier ...