It is added that since the total income is less than ₹50 lakh, there is no liability to pay surcharge ... not be liable to tax under the new tax regime. Under the old tax regime, although ...

There is no change in old tax regime. All the benefits like HRA, Housing Loan, Insurance Premium, etc., are still available.

He speaks about the new tax regime, complex provisions that exist in the law and his expectations from the new Income Tax Law ...

Recognizing the contributions of the middle class and with an objective to eventually phase out the old tax regime, various ...

The Income Tax Department has introduced an online calculator for taxpayers to compare their potential savings under the newly default New Tax Regime, effective April 2025. The initiative aims to ...

The government increased the tax exemption limit to Rs 12 lakh and revised rates lower under the New Tax regime in the Budget ...

From FY20 to FY24, the revenue forgone due to tax incentives for individuals and Hindu undivided families stood at Rs 8.7 ...

Airport workers demonstrate in Charlotte, North Carolina for increased heat protections on the job, August 2024. Credit: SEIU ...

Sri Lanka will move to full competitive bidding for new power plants from June 2025 under an electricity law now in effects, ...

The proposed changes could substantially increase the disposable income available to both middle-class and high-income ...