Will the new tax regime put more money in your pocket, or should you stick with the old regime? Here is all you need to know.
The Government of India levies tax upon the income of salaried and self-employed citizens of all age groups. Once you figure out which tax slab you fall under as per your tax regime, it becomes easier ...
By Nidhi Jacob On February 1, 2025, Union Finance and Corporate Affairs Minister Nirmala Sitharaman announced that the nil ...
By investing in NPS and applying standard deduction of Rs 75,000, taxpayers earning Rs 13.7 lakh salary can pay zero tax; ...
The Union Budget announcement will prompt more people to move to the New Tax Regime as it has become far more attractive ...
Finance Minister Nirmala Sitharaman announced that no income tax will be due for those with annual income up to Rs 12 lakh, among other changes in the tax slab.
The proposal to introduce an additional tax slab of 25% for income levels between Rs 15 lakh and 20 lakh will surely provide significant tax relief and increase disposable income, Nadar noted.
The government is considering raising the standard deduction and adjusting income tax slabs in the upcoming Budget to alleviate middle-class burden. Concessions for health insurance and pension ...
In a bid to provide relief to the middle class, the government is reportedly considering reducing income tax rates for individuals earning up to Rs 1.5 million annually. This move could increase ...
The widely adopted new tax structure announced in 2021 does a good job of simplifying the tax structure ... Raise Threshold For The 30% Income Tax Slab The current threshold for 30 per cent income tax ...
As a relief to taxpayers, Union Budget 2025 may increase the basic exemption limit, or revised slab rates can be introduced to mitigate the overall tax on middle class taxpayers. Union Finance ...