For individuals who do not invest heavily in tax-saving instruments, the new tax regime could be more beneficial due to lower ...

Save more tax in old tax regime by claiming up to Rs 8.5 lakh tax deductions for a salary income up to Rs 25 lakh. Moreover, ...

New system's simplicity, reduced tax liability, increased disposable income potential 'make it a formidable alternative' ...

Individuals earning up to Rs 12,00,000 per annum exempted from income tax; salaried taxpayers get additional Rs 75,000 ...

The government provides a Rs 75,000 standard deduction in the new tax regime benefiting salaried individuals and pensioner by ...

Introduced in the Union Budget 2020, the new tax regime offers significant reductions in tax rates, but limits the ...

The NDA government has implemented a range of incentives lately to promote the acceptance of the new tax regime. However, the ...

The Budget 2025 brings major tax relief for the middle class, making the new tax regime more attractive. From higher exemptions to simplified compliance, the reforms aim to boost savings, investment, ...

The government introduced a new tax regime of lower tax rates in Budget 2020, which continues in FY 2025-26. In Budget 2025, the government pushed for the adoption of the new tax regime of lower tax ...

Without going into the sections, proviso and the clause 2, 20 and 24 of the Finance Bill 2025, some situations are rendered here for the applicability and availability of the Sec 87A rebate both under ...

With the proposed changes, NPTR will now become far more appealing for individuals as it would mean availing beneficial tax ...

With no tax for income under ₹12 lakh, you have a higher incentive to opt for the new tax regime. This means your incentive ...