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

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

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

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 ...

FM proposes to hike the TCS limit to Rs 10 lakh from Rs 7 lakh currently. The TCS is applicable to the outward foreign ...

Currently, in the old tax regime, the basic exemption limit ... new tax regime, now embraced by nearly 70% of taxpayers, has led to reduced collections in the government’s small savings schemes.

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 ...

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

Income Tax: Standard deduction of ₹75,000 from salary is given under the new tax regime In FY 2023, the income tax regime became a default regime for all taxpayers. This means the taxpayers are ...

Finance Minister Nirmala Sitharaman has brought big cheer for middle class taxpayers - it’s a bonanza like never b ...

MUMBAI: Finance Minister Nirmala Sitharaman has announced that NPS Vatsalya subscribers will receive the same tax benefits ...