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 provisions regarding standard deduction for salaried employees is available under both Old and New Tax regime. Under both tax regimes, a Standard Deduction of Rs 50,000 is permitted for all ...

Union Finance Minister Nirmala Sitharaman explained that these revisions are designed to increase disposable income, ...

Employer contributions to NPS under Section 80CCD (2) are allowed up to 14% of Basic Salary + Dearness Allowance (DA) for central government employees and 10% for others. Specially-abled individuals ...

Amid the new Income Tax Bill 2025, we answer most FAQs on tax slabs, old vs. new regime, the new income tax rules, exemption ...

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

Budget 2025 income tax expectations: Standard deduction is a flat deduction available on the salary income that helps reduce the taxable income of a taxpayer. Personal tax experts are of the view ...

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

The Union Budget 2025, presented by Finance Minister Nirmala Sitharaman, introduced several key changes to the income tax ...

New system's simplicity, reduced tax liability, increased disposable income potential 'make it a formidable alternative' ...

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