The proposed changes could substantially increase the disposable income available to both middle-class and high-income ...

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

One of my clients recently asked, after Budget 2025, whether Rental Income up to Rs.20 lakh is tax-free. The answer is YES ...

Yes, it is. You get a Standard Deduction of Rs 75,000 — but only if you’re salaried or a pensioner choosing the new tax ...

The Budget 2026-27 also seeks to rationalise TDS/TCS provisions to alleviate compliance challenges and other relevant changes ...

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 ...

Recognizing the contributions of the middle class and with an objective to eventually phase out the old tax regime, various ...

To benefit from this revision, individuals must simply file their ITR; no additional formalities are required.

What if you earn more than Rs 12.75 lakh? Should you pick the new tax regime for lower rates or stick to the old one for ...

NRIs who opt for the new tax regime may get some benefits, but they are not eligible for the Section 87A rebate ...

The Government of India levies tax upon the income of salaried and self-employed citizens of all age groups. Once you figure out which tax slab you fall under as per your tax regime, it becomes easier ...

The Budget 2025 introduces significant reforms in personal income tax, aimed at providing relief to middle-class taxpayers ...