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

Your taxable income is your income after various deductions, credits, and exemptions have been applied. There are also various tax credits, deductions and benefits available to you to reduce your ...

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

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 Reserve Bank of India has cut the repo rate by 25 basis points, from 6.50% to 6.25%. The repo rate cut has come after the ...

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

Introduced in 2020, the new tax regime became a default regime in 2023. To be able to file tax return under the old tax ...

Total Revenue Impact for FY 2023-24 is projected revenue impact. (ii) The total revenue impact of major tax incentives for Individual/HUF taxpayers for last five years is Rs 8,69,907.40 Crores. In ...

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

Budget 2025 increases rebate, no tax liability up to ₹12 lakh; answers on rebate, exemptions, deductions in income tax.

Among the most significant announcements was the introduction of a New Income Tax Bill, set to be tabled this week ...