The new income tax ... 87A - leaves the old tax regime, with three slabs of 5%, 20%, and 30%, with little appeal. This is after the old tax regime offers all the deductions against investments ...

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 ...

Finance Minister Nirmala Sitharaman announced an increase in the income tax rebate under the New Tax Regime ... The break-even amount comprises all deductions and allowances accessible to ...

Since the government brought the new tax regime into effect in 2020, taxpayers have a choice of opting between two systems: the old regime of deductions ... in metro cities. All salaried staff ...

Filing an income tax return can feel intimidating, especially for those who are new to the process or worried about missing ...

The new tax regime (NTR) entitles you to claim lower tax slabs whereas you are unable to claim income tax deduction. II. Deductions: In the old tax regime, you are able to claim all the deductions ...

This year, salaried employees received a 'bonus' in their April salary from the government, as reduced tax rates under the new regime that ... after removing all possible deductions.

The article examines the new tax regime and the changes announced in the union budget ... It is for these reasons that the budget is much awaited by all citizen stakeholders. The EPW produces ...