The new tax regime has become quite attractive for the middle-class taxpayers. In FY 2023-24, around 74 percent of taxpayers ...

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

In 2020, the Government of India introduced a new tax regime that offered concessional tax rates while scrapping most of the deductions and exemptions offered under the old tax regime. Most small ...

CBDT Chairman Ravi Agrawal expects over 90 percent of individual taxpayers to opt for the new tax regime following the Budget ...

Taxpayers should note the revised tax slabs and rates announced in Budget 2025-26 will only be applicable for the Financial ...

The Finance Ministry has clarified that this zero tax liability applies only to the new tax regime, which has been the ...

Completing tax return without Form 16 can be confusing. Here is how you can easily file it when you don't have one.

There will be zero income tax up to an annual income of ₹12 Lakh under the new tax regime, FM Sitharaman has announced.

An employee may choose between old and new tax regimes ... and at the time of filing the income tax returns (ITR), they realize the old tax regime is more beneficial to them.

New Tax Regime vs Old Tax Regime Slabs and Rates: Finance Minister Nirmala Sitharaman has announced significant income tax relief for the middle class in the Union Budget 2025. Budget 2025 New Tax ...