Tax calculations: Taxable income vs gross income vs net income - know how to calculate your actual tax outgo
In the Budget 2025, there have been new income tax slabs introduced in the new tax system. Finance Minister Nirmala ...
BusinessWorld10d
Non-taxability of employee de minimis benefits
Actual medical assistance, e.g., medical allowance to cover medical and healthcare needs, annual medical ... compensation subject to income tax, unless specifically exempted under a special law or ...
No income tax up to Rs 12 lakh: What it means if you earn more
In a major relief for the middle class, Finance Minister Nirmala Sitharaman announced that individuals earning up to Rs 12 ...
India Today on MSN10d
Earn over Rs 12.75 lakh? You can still pay zero tax under new regime
With a standard deduction of Rs 75,000 under the new regime, salaried taxpayers earning up to Rs 12.75 lakh annually do not ...
Should you choose new tax regime over old? All your questions on income tax answered
Are you left scratching your head about the changes in tax slabs in the new regime announced in Union Budget 2025? Wondering ...
No income tax till Rs 12 lakh: Here’s how much you’ll pay under the new regime; Check new slabs
In a move that’s set to bring major relief for the middle, she announced that there will be no income tax payable up to Rs 12 lakh under the new regime ...