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

In this write-up, we will analyze which tax regime — old or new — is more advantageous for individuals with an annual income of up to ₹15 lakh. For this comparison, we will assume the taxpayer is ...

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 and shifting consumption trends ...

With inflation and the rising cost of living affecting household budgets, many are expecting the government to introduce ...

As Budget 2025 approaches, taxpayers are keen on potential changes such as a higher basic exemption limit, clarit ...

These slabs apply to individuals, Hindu Undivided Families (HUFs), and associations, and are updated periodically to reflect ...

The government might extend the tax exemption for individual contributions to NPS under the new tax regime, along with several other projected deductions.

Budget 2025 is anticipated to provide tax relief for salaried individuals. Proposals include raising the tax-free income limit to ₹10 lakh and simplifying tax slabs to enhance disposable incomes.

The Direct Tax Code is aimed at simplifying the tax laws and reduce the page count as numerous amendments over the years have made the Income Tax Act, 1961 complicated. The 1961 law has 23 chapters ...