New system's simplicity, reduced tax liability, increased disposable income potential 'make it a formidable alternative' ...

In Budget 2025, the government opted not to modify the existing tax regime or introduce any new deductions. Finance Minister ...

Many taxpayers preferred the old tax regime because it allowed them to claim deductions for expenses like house rent, home ...

The Union Budget 2025 introduces stricter tax rules for Non-Resident Indians (NRIs), including students and young ...

The Budget 2025 brings major tax relief for the middle class, making the new tax regime more attractive. From higher exemptions to simplified compliance, the reforms aim to boost savings, investment, ...

“Higher-income individuals also benefit. For instance, a taxpayer with Rs 16 lakh income will now save Rs 50,000 annually.

For senior citizens investing in fixed deposits, the threshold for TDS on interest income exceeding Rs 50,000 was raised to ...

The Union Budget 2025-26 introduces several amendments to indirect taxes, covering GST and customs. In GST, changes include allowing Input Service Distributors to distribute input tax credit for inter ...

Finance Minister Nirmala Sitharaman raised the nil income tax slab to ₹12 lakh for salaried individuals. This entails a tax ...

For senior citizens who invest in fixed deposits, interest income earned by them beyond Rs 50,000 attracts TDS at 10% rate, ...

The new tax structure announced in the Union Budget 2025 aims to ease the financial burden of the middle class, enhancing their disposable income and giving a boost to their consumption levels.

It is also important to note that the basic tax slab exemption limit has been raised to Rs 4 lakh from the previous Rs 3 lakh ...