The new tax regime starting FY 2025-26 offers tax exemption for earnings up to Rs 12.75 lakh annually. Despite the new ...

The Union Budget 2025 has revamped the new tax regime, exempting individuals earning up to Rs 12 lakh annually from income ...

109641, approving the Italian tonnage tax regime for maritime transport activities. The regime includes measures: 1) re-introducing the tonnage tax regime for 10 years, starting from fiscal year 2024; ...

Budget 2025 Expectations: In Budget 2020, the Modi government announced the introduction of the New ... government should completely scrap the Old Tax Regime or phase it out gradually.

These patterns suggest that the absence of deductions in the new tax regime is discouraging long-term savings and financial protections, leaving households vulnerable to economic shocks. A flat ...

A favorable tax regime encourages corporations to establish special purpose entities in Luxembourg. One benefit is the lack of withholding taxes on interest payments and royalty payments ...

Though the major tax relief is likely to be announced for the new tax regime, taxpayers need to know the current deductions available under the old tax regime. Here’s a comprehensive guide to the key ...

However, supporters of the regime argue that non-doms should be allowed to retain the tax relief, as having these wealthy individuals in Britain comes with benefits. If the Government abolishes ...

Taxpayers can expect changes that will make the old tax regime less beneficial than the concessional tax regime. This can happen either by restructuring the tax slabs/rates in the concessional tax ...

The old tax regime offered numerous tax deduction options under various sections that encouraged savings. While the new regime is simpler, it comes with fewer deductions. Insurance penetration remains ...

“The Union Budget 2025 brings the old versus new tax regime debate back into focus, highlighting the need for tailored financial planning. The old regime’s exemptions suit those who prioritise savings ...