This means the tax computation takes place under the new tax regime, and if someone wants to file returns under the old tax regime ... provide tax exemptions for income gained via the Agnipath ...

The Direct Tax Code will overhaul the income tax laws, making them simpler and reducing legal complications and litigation for individuals, the government, and the industry.

First of all, you need to visit income ... tax calculation under both the systems (or known as regimes). If tax component under the old regime turns out to be more, you can opt out of the new ...

pre-filled Income Tax Returns, automatic computation of Tax Deducted at Source (TDS) etc. available to them. He also cited ...

Tax planning done right can reduce your tax liability by up to 26%. Most people don’t know about the tax-saving opportunities they can use. A tax planner India helps you tap into these savings. The ...

As income levels increase, the tax benefits under the new regime diminish, making the old system a better choice in some cases. Using Tax Calculation Tools If you’re unsure which tax regime is ...

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

The Budget announcement of zero tax for earnings upto Rs 12 lakh per annum and the rejig of tax slabs across the board should ...

Tax calculation ... income tax is up to Rs.2.5 lakh for all individuals, Hindu Undivided Families (HUFs), individuals under 60 years of age, and Non-Resident Indians (NRIs). Old Tax Regime vs New ...

In pay-out type FD like shown in the above table, no TDS will be deducted as the principal and interest amount will remain ...

CBDT chief discusses non-intrusive tax administration, simplified ITRs, and AI usage post-Budget for enhanced compliance and ...