Indiatimes11d
Budget 2025 income tax: Why standard deduction should be hiked under new tax regime
Budget 2025 income tax expectations: Standard deduction is a flat deduction available on the salary income that helps reduce the taxable income of a taxpayer. Personal tax experts are of the view ...
India Today on MSN4d
How much can you save with maximum deductions under old income tax regime?
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 Financial Express8d
India ‘income tax-free’: Anupam Mittal criticises new tax regime
The Union Budget for 2025-26, presented by Finance Minister Nirmala Sitharaman, introduced significant changes to India’s tax slabs. The minister announced that individuals earning up to Rs 12 lakh ...
Section 80D of the Income Tax Act: A comprehensive guide to medical insurance tax deductions
In India, the rising cost of healthcare makes health insurance essential for financial protection against unforeseen medical ...
Hindustan Times on MSN9d
What is standard deduction in income tax and who is eligible?
The Budget 2025 is expected to feature some tax reforms potentially taking place as inflation is rising. A standard deduction hike is one of those expectations ...
Indiatimes6d
New vs old income tax regime after Budget 2025: Post income tax slab changes, which tax regime is better for salaried middle class taxpayers?
Taxpayers must compare deductions under the old regime versus the new lower rates to determine the most beneficial option. New vs old tax regime: Is it time to switch to the new income tax regime ...
Tax Slabs: Understanding how your income tax is calculated
These slabs apply to individuals, Hindu Undivided Families (HUFs), and associations, and are updated periodically to reflect ...
Income Tax Slabs 2025 Live: Check New Tax Regime vs Old Tax Regime changes, tax liability, standard deductions and more
Budget 2025 prioritised three key areas: reviving consumption amid a notable slowdown, keeping inflation in check through a ...
Hindustan Times9d
What is standard deduction in income tax and who is eligible?
“Salaried individuals bear the biggest brunt of taxation in India,” said Vivek ... are eligible for standard deduction when filing their Income Tax Returns (ITR). Self-employed individuals ...
India’s tax laws set for a revamp: What is the new Income Tax Bill? How will it affect you?
Finance Minister Nirmala Sitharaman is set to introduce a new Income Tax Bill aimed at simplifying the six-decade-old tax ...
Tax Guru1d
Taxation of International Transactions In India Under Income Tax Act 1961
Multifarious Key Taxation Laws and Rules: The Indian taxation system is governed mainly under the Income Tax Act, 1961, with relevant sections being: Section 4: General Taxability. Section 90: ...
India.com8d
Income Tax Slabs and Rates: New Regime Vs Old Regime
Latest Income Tax Slabs, Rates In Budget 2025: Union Finance Minister Nirmala Sitharaman announced massive income tax relaxations in the first full budget as expected by the people. The Central ...