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 ...

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

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

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

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 urge the government to increase the basic tax exemption limit under the New Tax Regime to Rs 10 lakh in Budget 2025, ...

Unlikely, says tax experts, as a section of tax-payers does benefit from this tax structure. However, it might not be ...

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

The Government's endeavour has been to promote the new tax regime, and personal tax changes in the last few Budgets have been ...