In Budget 2025, the government opted not to modify the existing tax regime or introduce any new deductions. Finance Minister ...
Despite the removal of many benefits, certain allowances remain exempt under the new tax regime, providing some relief to ...
The new tax regime starting FY 2025-26 offers tax exemption for earnings up to Rs 12.75 lakh annually. Despite the new ...
List of Deductions or Exemptions Under Old Tax Regime The simplified new tax rate ... allowances forming part of salary such as HRA, LTA, and also for specified investments or expenses such ...
The proposed changes could substantially increase the disposable income available to both middle-class and high-income ...
With Budget 2025 raising break-even limits, tax savings under the old regime seem tougher. But for salaried couples in ...
The new tax regime was introduced to simplify the tax filing process and offer lower tax rates. However, it does not include ...
As per the Old Tax Regime which allows deductions under ... Senior citizens also get exemptions such as HRA and LTA. Tax Slabs Under the New Tax Regime which is applicable in the financial year ...
Individuals earning up to Rs 12,00,000 per annum exempted from income tax; salaried taxpayers get additional Rs 75,000 ...
India offers two income-tax regimes: the older one with various exemptions and deductions, and a newer simplified regime with ...
Income Tax Slabs FY 2025-25 New versus Old Income Tax Regime: Finance Minister Nirmala Sitharaman announced significant ...