The Income Tax filing deadline is just 46 days away from today, with the deadline being on July 31, 2024. Taxpayers should be ready to file their returns anytime now at the tax rates declared by ...

In a move to aid retired citizens with their tax responsibilities, the Income Tax Department has published a detailed ...

The Government of India introduced a new optional tax rate regime for salaried individuals and pensioners during the Union Budget 2020-21. The new ... has revised the tax slab rates for salaried ...

The revised tax slab rates under the new income tax regime are as follows: Effective from the financial year 2020-21, the Government of India introduced the “New Income Tax Regime,” an ...

with a new 25 per cent slab introduced for incomes between Rs 20 lakh and Rs 24 lakh. The introduction of the New tax regime in Budget 2020-21 aimed to simplify compliance with income tax ...

In the interim Budget 2024, Finance Minister Nirmala Sitharaman maintained the status quo on income tax slab rates ... introduced in the Union Budget 2020, offers a new tax regime with lower ...

to 1.5 million rupees — currently taxed anywhere from 5%-20% — could benefit from the move, the people said. A new tax slab may also be considered, they said.

The new regime was announced in the Union budget for 2020-21 and it co-exists with the old tax regime. Salaried taxpayers are free to choose either regime when they file their returns but for ...