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.
The proposed changes could substantially increase the disposable income available to both middle-class and high-income ...
Tax laws offer plenty of room to reduce the liability of the individual through careful structuring of salary, says Sudhir ...
House Republicans are considering new taxes on scholarships, changes to student loan repayment plans, and a significant hike ...
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 ...