CBDT tax calculator: If your annual salary is Rs 15 lakh, which tax regime should you opt for - new tax or old tax?
In her Budget 2025 address, FM Nirmala Sitharaman announced modifications to the new tax regime, such as the exemption of up to Rs 4 lakh from basic tax. The old tax regime was kept unchanged.
New tax regime vs old tax regime post Budget 2025: These income earners may still benefit from old tax regime
The proposed changes could substantially increase the disposable income available to both middle-class and high-income ...
Inside the income tax gambit to ramp up India’s growth
Cutting tax rates can promote growth, and conversely raising taxes can hinder it—the intellectual heritage of this line of thought stretches back to an 18th century economist. But this theory ...
New regime narrows LTCG-regular income tax gap. Are equities still worth it?
Tax breaks introduced in budget 2025 have reduced the tax advantages of equity investments for small and medium investors, ...
‘Relief in tax slabs has stolen the limelight’
Budget 2025 aims to unlock India's potential for development by 2047, with reforms for ease of doing business and tax ...
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Income tax rates for individuals
These rates apply to your taxable income. Your taxable income is your income after various deductions, credits, and exemptions have been applied. There are also various tax credits, deductions and ...
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Views| India's shrinking tax base: Could a GST cut have been more effective for the middle-class woes than an income tax waiver
The need of the hour is to expand the tax base because in a country of 140 crore, 3 crore is already abysmally low and it ...
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Union Budget 2025 – Key Direct Tax Highlights
The Union Budget 2025 has introduced several noteworthy changes in direct taxation, aimed at benefiting taxpayers and simplifying the tax structure. These reforms focus on reducing the tax burden, ...