No major tax policy changes to ensure continuity and certainty. 3. No modifications of tax rates, preserving predictability ...

several amendments have been made to the six-decades-old Income Tax Act. Further, several taxes have been eliminated over time, such as the elimination of the wealth tax, etc. The introduction of the ...

Feb 10, 2025 6:08 PM IST Income Tax Bill LIVE updates: What is marginal relief under new tax regime ... introduction, a parliamentary standing committee will review it before it returns to the Cabinet ...

However, there are still specific cases where the old tax regime could be more beneficial. Employees receiving a substantial house rent allowance (HRA), especially those getting up to Rs 1 lakh ...

New versus old income tax regime post Budget 2025: The new tax regime starting FY 2025-26 offers tax exemption for earnings up to Rs 12.75 lakh annually. Despite the new regimen's appeal ...

After Budget 2025 generously slashed tax rates across all income ranges in the new tax regime, the general consensus is that the old regime is a thing of the past. Well, not yet for those paying rent.

One common dilemma they face is whether to continue with the Old Tax Regime or switch to the New Tax Regime. In her Budget 2025 address, FM Nirmala Sitharaman announced modifications to the new ...

If you are opting for the old tax regime, you can still claim tax exemption. But there are speculations that it is only a matter of time before the old tax regime becomes history. So, let us ...

The Union Budget 2025-26 has kept the tax slab rates unchanged for salaried individuals below 60 years old. The existing tax slab rates are as follows: nil for individuals earning up to INR 2.5 ...