What government's push to the New Income Tax regime in Union Budget 2025-26 means for taxpayers
The government increased the tax exemption limit to Rs 12 lakh and revised rates lower under the New Tax regime in the Budget ...
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'Old Or New Tax Regime? I Earn...'
There is no change in old tax regime. All the benefits like HRA, Housing Loan, Insurance Premium, etc., are still available.
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Rs 8.7 Trn Individuals Vs Rs 4.53 Trn Corporates
From FY20 to FY24, the revenue forgone due to tax incentives for individuals and Hindu undivided families stood at Rs 8.7 ...
New tax regime tax calculator: Income Tax dept launches tax calculator to help taxpayers calculate their tax savings
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 ...
New income tax law likely to be far simpler sans complexities, says Dipesh Jain of Economic Laws Practice
He speaks about the new tax regime, complex provisions that exist in the law and his expectations from the new Income Tax Law ...
New tax regime vs old tax regime post Budget 2025: These income earners may still benefit from old tax regime
The proposed changes could substantially increase the disposable income available to both middle-class and high-income ...
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Income tax rates for individuals
Your taxable income is your income after various deductions, credits, and exemptions have been applied. There are also various tax credits, deductions and benefits available to you to reduce your ...