In 2020, the Government of India introduced a new tax regime that offered concessional tax rates while scrapping most of the deductions and exemptions offered under the old tax regime. Most small ...

Switching between the Old Regime and the New Regime is possible for individuals, allowing their annual tax regime to ...

Salary income: The standard deduction of INR 75,000 will continue for new regime taxpayers, compared to INR 50,000 under the old tax regime. The new tax regime provides a total rebate of INR ...

Among the most significant announcements was the introduction of a New Income Tax Bill, set to be tabled this week ...

The Finance Ministry has clarified that this zero tax liability applies only to the new tax regime, which has been the ...

Budget 2025: Tax-free income limit under new regime rises to Rs 12 lakh Key changes to income tax slabs The FM has proposed to revise tax slabs and rates under the new tax regime. A new tax slab ...

Tax Rebate under Section 87A is given to reduce your taxable income to nil. It is a better option to give tax relief through ...

Check the latest slabs of income tax and rates under the new tax regime for those earning above Rs 12 lakh. The adjustment in income tax rates is expected to enhance consumer spending in the economy.

Income Tax Slabs FY 2025-25 New versus Old Income Tax Regime: Finance Minister Nirmala Sitharaman announced significant income tax relief for the middle class in the Union Budget 2025, eliminating ...

Vide Finance Act 2022, taxation of virtual digital assets (VDA) has been introduced in the Income-tax Act, 1961 (‘the Act’), under section 115BBH of the Act in which the transfer of VDA is to be taxed ...