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

Most market experts believe that unlike last year, Finance Minister Nirmala Sitharaman will not spring a surprise this year ...

Those switching to the new tax regime can also hereafter avail of the ₹50,000 standard deduction. Those earning up to ₹7 lakh annually and opting for new tax regime, could save ₹33,800.

A tax rebate is available on income up to Rs 7 lakh under the new tax regime and up to Rs 5 lakh under the old regime ...