Do you know that a large part of your earnings goes in the form of tax? But now this will not happen! The central government has made such changes in the new tax system that will leave more money in ...

The new tax regime has become quite attractive for the middle-class taxpayers. In FY 2023-24, around 74 percent of taxpayers opted for the new regime. There is an expectation that nearly 90 percent of ...

Andhra Pradesh CM N Chandrababu Naidu lon Monday ashed out at the AAP saying there is no difference between drainage water ...

The Internal Revenue Service has set its calendar for the upcoming tax-filing season: Americans can start submitting their income-tax returns on Monday, Jan. 27. As people send in their 2024 ...

However, to be able to make that decision, they first need to compute income tax ... between. So, if you are a taxpayer and confused about whether the new tax regime is better for you or the old ...

Since its launch, there has been ongoing debate and speculation about whether the government should completely scrap the Old Tax Regime ... introduce a new tax slab for incomes between Rs 15 ...

Here are three pivotal changes that can make a difference. Raise Threshold For The 30% Income ... These patterns suggest that the absence of deductions in the new tax regime is discouraging long-term ...

For the salaried taxpayers, one of the major changes came in the 2020 Budget when a new and simplified optional tax regime was introduced with lower tax rates but without the benefit of most ...

Meanwhile, 47% call for a hike in the set-off limit or complete removal of the Rs 2 lakh limit under the old tax regime. Although 72% of taxpayers have opted for the new income tax regime ...

The old tax ... Under the new tax regime, income up to ₹7.75 lakh is currently tax-free. Raising this limit to ₹10 lakh would provide significant relief, as tax-free income works independently of tax ...

As the anticipation builds for the Union Budget 2025, set to be tabled on February 1, taxpayers are again drawing parallels and debating pros and cons of old and new tax regimes. “The Union Budget ...