The new tax regime simplifies income tax, but with fewer deductions in play, taxpayers must make the most of the available ...
India’s tax system saw important updates, making the new tax regime the default for most taxpayers. While it offers lower tax rates, it removes many traditional exemptions.
What if someone earning above Rs 12.75 lakh annually chooses the old regime and claims the maximum deductions? Will it result in tax savings? This article explores the key deductions available under ...
Despite the removal of many benefits, certain allowances remain exempt under the new tax regime, providing some relief to ...
The Finance Bill presented by the FM on February 1, 2025, had a bonanza for middle-class taxpayers. However, despite the tax ...
Introduced in 2020, the new tax regime became a default regime in 2023. To be able to file tax return under the old tax ...
Union Finance Minister Nirmala Sitharaman explained that these revisions are designed to increase disposable income, ...
The new tax regime has become quite attractive for the middle-class taxpayers. In FY 2023-24, around 74 percent of taxpayers ...
The Government of India levies tax upon the income of salaried and self-employed citizens of all age groups. Once you figure out which tax slab you fall under as per your tax regime, it becomes easier ...
In accordance with the proposed Finance Bill 2025, the rebate under Section 87A is now applicable up to a total income of Rs ...
The Union Budget 2025 introduces a revamped tax regime, exempting individuals earning up to Rs 12 lakh annually from income ...