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

Those earning between Rs 12 lakh and Rs 24 lakh (or Rs 24.75 lakh for salaried individuals) will pay 25-31% less tax.

Summary: The Finance Bill 2025 presents significant updates in both direct and indirect taxes aimed at improving business ease, reducing litigation, and widening the tax base. Direct tax proposals ...

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

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

With a rejig of Income Tax slabs, the expectation is that the money saved will flow back into the economy through consumption ...

Tax measures announced in Budget 2025 will have a wide-ranging impact on individual taxpayers across income brackets, as also ...

The government has also raised the TCS exemption limit on Liberalised Remittance Scheme (LRS) transactions from Rs 7 lakh to ...

If you are still confused about which tax regime to choose after Budget 2025 proposals, here is how to choose between the old ...

In terms of GST-specific amendments, Budget 2025 also focused on pre-deposit amounts for GST appeals, reducing penalties for E-way bill violations and introducing a 10% penalty for other infractions.

Budget 2025 simplifies tax rules and provides major relief to taxpayers. The new tax slabs, second-home exemption, senior ...