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

It is recommended to use the income tax calculator to assess ... as covered in section 10(5). 2. HRA exemption as covered in section 10(13A) 3. Any other allowance as covered in section 10(14 ...

In the Budget 2025, Finance Minister Nirmala Sitharaman increased the income tax rebate limit from Rs 7 lakh to Rs 12 lakh in the New Tax Regime. Effectively, individuals earning up to Rs 12 lakh will ...

With a focus on the middle class and easing compliance, Union Finance Minister Nirmala Sitharaman proposed in Budget 2025-26 ...

With inflation and the rising cost of living affecting household budgets, many are expecting the government to introduce ...

In a major relief for the middle class, Finance Minister Nirmala Sitharaman announced that individuals earning up to Rs 12 ...

You can use income tax calculator to compute income tax under both the regimes i.e., new tax regime and old tax regime, ...

Latest Income ... exemptions and deductions. Below are the current tax slabs:Income up to Rs 2,50,000: Nil Income from Rs 2,50,001 to Rs 7,00,000: 5 percent Income from Rs 7,00,001 to Rs 10,00,000 ...

Millions of taxpayers face paying more income tax due to frozen tax allowances. We explain how income tax is calculated.

In 2014, taxpayers were exempt from tax on income up to Rs 2 lakh. Budget 2025 has significantly expanded this relief to Rs ...

Union Budget 2025 may bring tax exemptions, middle-class benefits, and corporate reforms. Experts share insights on potential ...