In Budget 2025, the government opted not to modify the existing tax regime or introduce any new deductions. Finance Minister ...

The new tax regime simplifies income tax, but with fewer deductions in play, taxpayers must make the most of the available ...

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 ...

Finance Minister Nirmala Sitharaman announced a major tax relief by raising the tax slab under the new tax regime for the ...

The Income Tax Bill 2025, a document of 622 pages comprising 536 sections and 23 chapters, is anticipated to be introduced in ...

The new Income Tax Bill, tabled today in the Lok Sabha, retains all the deductions and exemptions but under a new section ...

The new tax regime allows a salaried individual to claim a standard deduction of Rs 75,000 from the salary income. There is ...

Finance Minister Nirmala Sitharaman may not scrap the old tax regime, but tax sops, if any, are likely to be announced only ...

Introduced in 2020, the new tax regime became a default regime in 2023. To be able to file tax return under the old tax ...

But the decision between old and new tax regime may not be so easy for people with higher income especially when they are ...

India's Union Budget 2025-26 has introduced personal income tax changes under the new regime to spur middle-class spending & ...