Finance Minister Nirmala Sitharaman introduced the Income Tax Bill, 2025, in Lok Sabha on February 13 to make India’s direct ...
Taxpayers who have already selected the new tax regime in the Income-Tax Act 1961 will not need to choose it again in the ...
Learn how you can pay 0 tax on an income of Rs 14.65 lakhs per year with the help of NPS & EPF. Find all the details inside.
Save more tax in old tax regime by claiming up to Rs 8.5 lakh tax deductions for a salary income up to Rs 25 lakh. Moreover, ...
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 ...
Listen to Story Budget 2025 raised tax-free income limit to Rs 12 lakh Old tax regime unchanged, raising questions on its relevance New regime simpler, avoids need for tax-saving investments The Union ...
Income Tax Slabs FY 2025-25 New versus Old Income Tax Regime: Finance Minister Nirmala Sitharaman announced significant income tax relief for the middle class in the Union Budget 2025, eliminating ...
Budget 2025 offers ₹60,000 rebate for incomes up to ₹12 lakh under new tax regime. (Representational image)(REUTERS) This makes the old tax regime, which has 5 per cent, 20 per cent ...
The below table analyses tax implications for a salaried individual under Old and New Tax Regime. *Tax under Old Tax regime has been computed considering standard deduction of Rs 50,000 ...
The new tax regime is better than the old tax regime for income up to Rs 12 lakh (Rs 12.75 lakh for salaried people), even if one avails of the maximum possible deductions and exemptions of Rs ...
The Union Budget 2025-26 has made the new income tax regime ... likely to go for this regime but what about those who have investments, educations expenses for their children, and other savings like ...