New vs Old Tax Regime: In a major relief for taxpayers, the Union Budget 2025 has revamped the new tax regime, exempting individuals earning up to Rs 12 lakh annually from income tax. In a major ...

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 ...

As the gap between the tax rates in the old and new regimes widens, fewer individuals may find the old tax structure attractive. However, there are still specific cases where the old tax regime ...

Budget 2025 income tax: Recognizing the contributions of the middle class and with an objective to eventually phase out the old tax regime, various changes have been introduced in the new tax regime.

With the difference in tax rates growing between the two tax regimes, there are now fewer people who would go for the old tax regime now. Although the new tax regime offers concessional tax rates ...

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 ...

One common dilemma they face is whether to continue with the Old Tax Regime or switch to the New Tax Regime. In her Budget 2025 address, FM Nirmala Sitharaman announced modifications to the new ...

The Union Budget 2025-26 has kept the tax slab rates unchanged for salaried individuals below 60 years old. The existing tax slab rates are as follows: nil for individuals earning up to INR 2.5 ...

These measures indicate the government's desire for taxpayers to shift to the new regime and gradually eliminate the old one. While the new tax system ... mentioned in the table below.

Namibia's first president Sam Nujoma, who died Saturday aged 95, was revered for leading his country to independence from ...

Investors have sought restoration of the tax jurisdiction of the Baddi Barotiwala Nalagarh (BBN) industrial cluster at Parwanoo from the recently changed jurisdiction of Una. While terming it as ...

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