In the Budget 2025, Finance Minister Nirmala Sitharaman increased the income tax rebate limit from Rs 7 lakh to Rs 12 lakh in ...

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

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

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

With Budget 2025 raising break-even limits, tax savings under the old regime seem tougher. But for salaried couples in ...

The new tax regime is now the default for taxpayers in FY 2023, allowing lower tax slabs but eliminating old deductions.

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

Introduced in the Union Budget 2020, the new tax regime offers significant reductions in tax rates, but limits the ...

The new tax regime allows a salaried individual to claim a standard deduction of Rs 75,000 from the salary income. There is ...

Taxpayers are keenly awaiting possible reductions in tax rates and increased exemption limits, amid ongoing high inflation ...

By investing in NPS and applying standard deduction of Rs 75,000, taxpayers earning Rs 13.7 lakh salary can pay zero tax; ...