Your home and personal loan EMIs are set to come down with the RBI governor Sanjay Malhotra announcing a 25 ba ...

Finance Minister Nirmala Sitharaman announced a new tax regime exempting taxpayers with salaries below Rs 12 lakh from paying ...

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

In the realm of income tax in India, it is essential to grasp the ... and any bonuses. The formula to calculate gross salary is as stated below: Gross salary = Basic salary + HRA + Other ...

The new tax regime is the default tax regime. Currently, the highest tax rate of 30% is applicable from net taxable income ...

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

The expenditure incurred by the employer for travel outside India on the ... The first thing to do is calculate the total tax amount applicable according to the slab. Income Tax Budget 2025 ...

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

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 government introduced a new tax regime of lower tax rates in Budget 2020, which continues in FY 2025-26. In Budget 2025, the government pushed for the adoption of the new tax regime of lower tax ...