While the new regime has fewer levers, there are still legitimate strategies available to reduce tax liability. When Budget ...

Proposed Income Tax Bill 2025 aims to simplify tax rules by restoring 80M deduction, allowing NIL TDS certificates, and ...

Adedeji announced that the implementation of the new tax laws will commence on 1 January 2026, giving stakeholders a six-month transition period to prepare.

Also, keep in mind that the default regime from FY25 onward is the new tax regime. If you wish to opt for the old one, you need to explicitly mention it while filing your ITR.

The new tax laws recently assented to by President Bola Tinubu would accelerate economic development and drive inclusive growth. A think-tank, Independent Media and Policy Initiative (IMPI ...