In Budget 2025, the government opted not to modify the existing tax regime or introduce any new deductions. Finance Minister ...

What if someone earning above Rs 12.75 lakh annually chooses the old regime and claims the maximum deductions? Will it result ...

The more deductions you claim in the old tax regime above this equalisation point the higher amount of tax you can save.

“Finance Minister Nirmala Sitharaman, in Budget 2025, retained the standard deduction benefit for salaried individuals and ...

The new Income Tax Bill will replace the current Income Tax Act, once it becomes effective from April 1, 2026. However, many ...

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

For individuals who do not invest heavily in tax-saving instruments, the new tax regime could be more beneficial due to lower ...

Finance Minister Nirmala Sitharaman may not scrap the old tax regime, but tax sops, if any, are likely to be announced only ...

The new tax regime simplifies income tax, but with fewer deductions in play, taxpayers must make the most of the available ...

Under the New Tax Regime, both individuals receiving a salary and pensioners can now benefit from a standard deduction of Rs ...

The government on Saturday said the old tax regime will continue. But with the changes announced in Budget 2025, does it ...

Married couples need to determine which tax regime offers lower tax liability for each spouse considering their income ...