With a promise to further simplify the current tax law by introducing a new Income-tax Bill next week, the taxpayer-friendly ...

with an additional surcharge of up to 37% and a 4% on the total amount, depending on the new or old tax regime. In Budget 2023, the maximum surcharge for the new tax regime was reduced from 37% to 25% ...

Income tax payers have a list of demands, including a 30 percent tax slab applicable only to those earning above Rs 20 lakh, ...

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.

According to the announcement made by Finance Minister Nirmala Sitharaman, there will be no income tax payable for ...

Budget 2025 increases rebate, no tax liability up to ₹12 lakh; answers on rebate, exemptions, deductions in income tax.

Taxpayers must choose between the old and new regimes based on their income structure and eligibility for deductions. The new regime offers lower rates and simplified calculations, while the old ...

Taxpayers must choose between the old and new regimes based on their income structure and eligibility for deductions. The new regime offers lower rates and simplified calculations, while the old ...

The Union Budget 2025–2026 has eliminated tax for middle-class individuals earning up to Rs 12 lakh. This makes India’s ...

Contrary to the general perception that the new tax regime is available only to individuals, it is actually applicable to all individuals, Hindu Undivided Families (HUFs), Associations of Persons ...