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 ...

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

In 2020, the Government of India introduced a new tax regime that offered concessional tax rates while scrapping most of the deductions and exemptions offered under the old tax regime. Most small ...

The proposed tax slabs are as under: The rates of surcharge and health and education cess continue to remain ... Also Check | New vs old income tax regime after Budget 2025: Post income tax ...

Budget 2025 has brought significant changes to India’s tax structure, making the new tax regime more appealing to middle-class taxpayers. Budget 2025 has brought significant changes to India’s ...

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

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 ...

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

New vs Old Tax Regime: In a major relief for taxpayers ... The revised tax structure also introduces a 25% tax slab for incomes between Rs 20 lakh and Rs 24 lakh. Finance Minister Nirmala ...

Budget 2025 increases rebate, no tax liability up to ₹12 lakh; answers on rebate, exemptions, deductions in income tax.

Budget 2025 introduced a number of changes including the new tax slab rates under the new tax ... there are now fewer people who would go for the old tax regime now. Although the new tax regime ...