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

Despite the removal of many benefits, certain allowances remain exempt under the new tax regime, providing some relief to ...

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

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

With Budget 2025 raising break-even limits, tax savings under the old regime seem tougher. But for salaried couples in ...

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

The government today cut personal income tax rates for some sections of taxpayers in a bid to boost consumption.

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

The new tax regime allows a salaried individual to claim a standard deduction of Rs 75,000 from the salary income. There is ...

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, ...

By investing in NPS and applying standard deduction of Rs 75,000, taxpayers earning Rs 13.7 lakh salary can pay zero tax; ...