The Budget 2025 has raised the zero-tax threshold to Rs 12 lakh, offering relief to middle-class taxpayers. However, ...

Finance Minister Nirmala Sitharaman announced that taxpayers will not have to pay tax for income up to Rs 12 lakh from FY ...

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

Budget 2025 has introduced several personal finance changes that could significantly impact taxpayers and investors. Here are ...

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 ...

The Budget 2025 introduces significant reforms in personal income tax, aimed at providing relief to middle-class taxpayers ...

The most significant of these is the new tax regime ... delve into who qualifies for this deduction and who doesn’t. Let’s begin by understanding what standard deduction is. Previously, salaried ...

New system's simplicity, reduced tax liability, increased disposable income potential 'make it a formidable alternative' ...

The government has also introduced a zero income tax for those earning up to ₹12 lakh and ₹12.75 lakh for salaried individuals benefiting from the basic standard ... not claim multiple deductions.

With a standard deduction of Rs 75,000 under the ... This is because you can still opt for eligible deductions under the new income tax regime. For instance, a person can claim deductions under the ...