Employer contributions to NPS under Section 80CCD (2) are allowed up to 14% of Basic Salary + Dearness Allowance (DA) for central government employees and 10% for others. Specially-abled individuals ...

The income tax department has launched a simple tool to help taxpayers compare taxes under the New Tax Regime for FY 2024-25 ...

It is important to note that this zero tax liability only pertains to the new tax regime that has been in place as the ...

The new Income Tax Bill will replace the current Income Tax Act, once it becomes effective from April 1, 2026. However, many ...

The Government of India levies tax upon the income of salaried and self-employed citizens of all age groups. Once you figure out which tax slab you fall under as per your tax regime, it becomes easier ...

The NDA government has implemented a range of incentives lately to promote the acceptance of the new tax regime. However, the government says it has no plans to phase out the Old Tax Regime offering ...

Image Source : PIXABAY As the name suggests, the scheme is for super senior citizens. SBI Patrons FD ... account holder is at least 80 years old. SBI Patrons FD scheme: Interest Rate The interest ...

Budget 2025 offers ₹60,000 rebate for incomes up to ₹12 lakh under new tax regime. (Representational image)(REUTERS) This makes the old tax regime, which has 5 per cent, 20 per cent ...

New Delhi: Some tax relief measures have been introduced ... especially for accounts under NSS-87 and NSS-92. "A number of senior and very senior citizens have very old National Savings Scheme ...

For senior citizens aged 60-80 years, the basic exemption limit is Rs 3,00,000. For super senior citizens (above 80 years), it is Rs 5,00,000. The Old Tax Regime allows deductions under various ...

Shalini Jain, Tax Partner, EY, breaks down the key announcements, comparing the new tax slabs with the old ... a super-senior citizen, and income up to Rs 5 lakh will be exempt from tax in a financial ...

The new tax regime, which is likely to replace the old tax regime, does not allow any exemption on investment. However, this offers lower tax rates to a large number of people. “The proportion ...