For taxpayers without business income: Taxpayers without business income can simply select the Old Tax Regime while filing ...
The Indian government has introduced the new Income Tax Bill 2025 to simplify and enhance the efficiency of the tax system.
The Income Tax Bill 2025, a document of 622 pages comprising 536 sections and 23 chapters, is anticipated to be introduced in ...
T Act, which pertains to the New Tax Regime, is applicable by default unless the taxpayer chooses to opt out under specific ...
Income Tax Slabs FY 2025-25 New versus Old Income Tax Regime: Finance Minister Nirmala Sitharaman announced significant ...
Salary income: The standard deduction of INR 75,000 will continue for new regime taxpayers, compared to INR 50,000 under the old tax regime. The new tax regime provides a total rebate of INR ...
The proposed changes could substantially increase the disposable income available to both middle-class and high-income ...
New versus old income tax regime post Budget 2025: The new tax regime starting FY 2025-26 offers tax exemption for earnings ...
Finance Minister Nirmala Sitharaman has given a big relief to the employed in the Budget 2025 by making income up to Rs 12 ...
New Income Tax Bill retains provisions from 1961 Act, offers flexibility, transparency, and aims to simplify tax laws.
In the case of EPF, employee contributions generally qualify for a deduction under Section 80C of the Income Tax Act, capped ...
The Union Budget 2025, presented in the Parliament Session on February 1, 2025, introduced major reforms in exemptions and deductions under the new tax regime for the Financial Year (FY) 2025-26 and ...