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

While both the old and new regimes ... National Pension Scheme (NPS), repayment of housing loan, payment of tuition fees, etc. Here’s what you need to know about the new tax and old tax regimes.

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

The National Pension System (NPS) carries a tax-exempt status, which is classified under the EEE (Exempt-Exempt-Exempt) ...

In 2020, the Government of India introduced a new tax regime that offered concessional tax rates while scrapping most of the deductions and exemptions offered under the old tax regime. Most small ...

We are not incentivising the old tax scheme. These taxpayers will also shift to the new regime after comparison.' IMAGE: Finance Minister Nirmala Sitharaman with the Budget team. Photograph ...

Budget 2025 simplifies tax rules and provides major relief to taxpayers. The new tax slabs, second-home exemption, senior ...

The government has also raised the TCS exemption limit on Liberalised Remittance Scheme (LRS) transactions from Rs 7 lakh to ...

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