The new tax regime is now the default for taxpayers in FY 2023, allowing lower tax slabs but eliminating old deductions.

To make the new tax regime more attractive for the taxpayers, the government has raised the standard deduction to Rs 75,000 ...

Taxpayers are keenly awaiting possible reductions in tax rates and increased exemption limits, amid ongoing high inflation ...

SBI suggests switching all taxpayers to the New Tax Regime to boost compliance and income before Budget 2025. Discover more ...

In 2020, the finance minister unveiled the new tax regime, which offered taxpayers the option to pay lower tax but forego ...

How much of this will translate into actual benefits for the middle class? And will the government take bold steps to ...

While it is well known that new income tax regime is simplified tax regime without tax exemptions and deductions ...

Most personal tax experts are of the view that the government will phase out the old income tax regime in the com ...

Budget 2024 ushered in sweeping changes in the new tax regime, rejigging income tax slabs and hiking the standard deduction ...

Experts advocate that FM Sitharaman should introduce changes in the income tax slabs under the new tax regime in Budget 2025.

The Centre may abolish exemptions under the old tax regime in Budget 2025, focusing on economic recovery and tax compliance.

Under the old tax regime, government and private sector employees can claim deductions of up to 10% of their salary (basic ...