Budget 2025 has made income up to ₹12 lakh effectively tax-free under the new tax regime. The Finance Minister increased the ...

Tax laws offer plenty of room to reduce the liability of the individual through careful structuring of salary, says Sudhir ...

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 ...

Union Cabinet approves new Income Tax Bill, replacing outdated 1961 Act, aiming for simplicity, fairness, and enforceability.

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 ...

In a major move to ease the tax burden on middle-class taxpayers, Finance Minister Nirmala Sitharaman on Saturday announced ...

In a major move to ease the tax burden on middle-class taxpayers, Union Finance Minister Nirmala Sitharaman on Saturday ...

Will Budget 2025 merge India's income tax regimes? Former finance secretary Subhash Garg advocates for a unified system to ...

With the Union Budget 2025 approaching, Finance Minister Nirmala Sitharaman faces a significant challenge in addressing ...

Before proceeding further, let us first understand the tax exemptions which are allowed under the old regime but not in the new tax regime. Although there are a few exemptions that are given under ...

In Budget 2024, the government made changes to the NPS rules for employees selecting ... the attractiveness of the Old Tax Regime versus the New Tax Regime might be evaluated as follows: The ...

Since its launch, there has been ongoing debate and speculation about whether the government should completely scrap the Old Tax Regime or phase it out gradually. Speculation also surrounds the ...