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

Recognizing the contributions of the middle class and with an objective to eventually phase out the old tax regime, various ...

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

In her Budget 2025 address, FM Nirmala Sitharaman announced modifications to the new tax regime, such as the exemption of up ...

For individuals earning Rs 15 lakh annually, opting for the old tax regime can result in tax savings of up to Rs 48,100, ...

Many taxpayers preferred the old tax regime because it allowed them to claim deductions for expenses like house rent, home ...

NRIs who opt for the new tax regime may get some benefits, but they are not eligible for the Section 87A rebate ...

The rebate limit was raised to ₹7 lakh (which has now reached ₹12 lakh). Besides this, the benefit of standard deduction was extended to the taxpayers of the new tax regime as well.

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 ...

Budget 2025: Tax-free income limit under new regime rises to Rs 12 lakh Key changes to income tax slabs The FM has proposed to revise tax slabs and rates under the new tax regime. A new tax slab ...

Among the most significant announcements was the introduction of a New Income Tax Bill, set to be tabled this week ...

The NDA government has implemented a range of incentives lately to promote the acceptance of the new tax regime. However, the ...