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 ...
The new tax regime is now the default for taxpayers in FY 2023, allowing lower tax slabs but eliminating old deductions.
By investing in NPS and applying standard deduction of Rs 75,000, taxpayers earning Rs 13.7 lakh salary can pay zero tax; ...
In her Budget 2025 address, FM Nirmala Sitharaman announced modifications to the new tax regime, such as the exemption of up ...
Introduced in the Union Budget 2020, the new tax regime offers significant reductions in tax rates, but limits the ...
New system's simplicity, reduced tax liability, increased disposable income potential 'make it a formidable alternative' ...
Save more tax in old tax regime by claiming up to Rs 8.5 lakh tax deductions for a salary income up to Rs 25 lakh. Moreover, ...
Income Tax Slabs FY 2025-25 New versus Old Income Tax Regime: Finance Minister Nirmala Sitharaman announced significant ...
Taxpayers are keenly awaiting possible reductions in tax rates and increased exemption limits, amid ongoing high inflation ...
Although most of the deductions are not allowed under the new tax regime, there are some allowances that are still exempt under the new tax regime. Allowances exempt under the new tax regime 1.