In the Budget 2025, Finance Minister Nirmala Sitharaman increased the income tax rebate limit from Rs 7 lakh to Rs 12 lakh in ...
Despite the removal of many benefits, certain allowances remain exempt under the new tax regime, providing some relief to ...
Introduced in 2020, the new tax regime became a default regime in 2023. To be able to file tax return under the old tax ...
Zero tax up to ₹12 lakh as well as the attractive new tax slabs are only applicable to the new tax regime, but at the same ...
Introduced in the Union Budget 2020, the new tax regime offers significant reductions in tax rates, but limits the ...
The new tax regime is now the default for taxpayers in FY 2023, allowing lower tax slabs but eliminating old deductions.
New system's simplicity, reduced tax liability, increased disposable income potential 'make it a formidable alternative' ...
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India Today on MSNOld tax regime: Time to let go after Budget 2025 changes?Many taxpayers preferred the old tax regime because it allowed them to claim deductions for expenses like house rent, home ...
Taxpayers are keenly awaiting possible reductions in tax rates and increased exemption limits, amid ongoing high inflation ...
Income Tax Slabs FY 2025-25 New versus Old Income Tax Regime: Finance Minister Nirmala Sitharaman announced significant ...
In her Budget 2025 address, FM Nirmala Sitharaman announced modifications to the new tax regime, such as the exemption of up ...
By investing in NPS and applying standard deduction of Rs 75,000, taxpayers earning Rs 13.7 lakh salary can pay zero tax; ...
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