The proposed changes could substantially increase the disposable income available to both middle-class and high-income ...

Will the new tax regime put more money in your pocket, or should you stick with the old regime? Here is all you need to know.

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 ...

A collection of the most-viewed Moneycontrol videos. Advisory Alert: It has come to our attention that certain individuals ...

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

Union Finance Minister Nirmala Sitharaman explained that these revisions are designed to increase disposable income, ...

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

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

The new tax regime has become quite attractive for the middle-class taxpayers. In FY 2023-24, around 74 percent of taxpayers ...

For individuals who do not invest heavily in tax-saving instruments, the new tax regime could be more beneficial due to lower tax rates and a higher exemption limit. However, those who claim multiple ...

The biggest change is the revised tax slab, which ensures that individuals ... can claim tax exemptions under the old tax regime. In contrast, the new tax regime does not provide this benefit.

Recognizing the contributions of the middle class and with an objective to eventually phase out the old tax regime, various ...