In Budget 2025, the government opted not to modify the existing tax regime or introduce any new deductions. Finance Minister ...

For individuals who do not invest heavily in tax-saving instruments, the new tax regime could be more beneficial due to lower ...

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

The new tax regime simplifies income tax, but with fewer deductions in play, taxpayers must make the most of the available ...

the old tax regime has enough room for claiming deductions under Chapter VI-A against various allowances forming part of salary (e.g., HRA, LTA, etc) and also for specified investments or expenses ...

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

Many taxpayers preferred the old tax regime because it allowed them to claim deductions for expenses like house rent, home ...

Despite the removal of many benefits, certain allowances remain exempt under the new tax regime, providing some relief to ...

What if you earn more than Rs 12.75 lakh? Should you pick the new tax regime for lower rates or stick to the old one for ...

Here are the income tax slabs, rates, and deductions announced by Finance Minister Nirmala Sitharaman in the Union Budget ...

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

This restructuring aims to simplify taxation, while the Old Regime continues to provide tax benefits through various exemptions and deductions. The proposed income tax slabs in the Union Budget ...