The new tax regime simplifies income tax, but with fewer deductions in play, taxpayers must make the most of the available ...

In the Budget 2025, Finance Minister Nirmala Sitharaman increased the income tax rebate limit from Rs 7 lakh to Rs 12 lakh in ...

In Budget 2025, the government opted not to modify the existing tax regime or introduce any new deductions. Finance Minister ...

Introduced in 2020, the new tax regime became a default regime in 2023. To be able to file tax return under the old tax ...

The proposed changes could substantially increase the disposable income available to both middle-class and high-income ...

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

Finance Minister Nirmala Sitharaman announced a major tax relief by raising the tax slab under the new tax regime for the ...

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, ...

Standard deduction is a flat deduction available on the salary income that helps reduce the taxable income of a t ...

What if you earn more than Rs 12.75 lakh? Should you pick the new tax regime for lower rates or stick to the old one for ...

Finance Minister Nirmala Sitharaman may not scrap the old tax regime, but tax sops, if any, are likely to be announced only ...

In this write-up, we will analyze which tax regime — old or new — is more advantageous for individuals with an annual income ...