Income Tax Slabs FY 2025-25 New versus Old Income Tax Regime: Finance Minister Nirmala Sitharaman announced significant ...
Most personal tax experts are of the view that the government will phase out the old income tax regime in the com ...
For example, if your income is Rs 16 lakh and you show exemptions of Rs 4 lakh, your taxable income will be Rs 12 lakh. Now, according to the old tax regime slabs, you would pay a total income tax ...
These slabs apply to individuals, Hindu Undivided Families (HUFs), and associations, and are updated periodically to reflect ...
The old tax regime, which remains unchanged in the 2025 Budget, allows taxpayers to claim various exemptions such as House Rent Allowance (HRA), deductions under Section 80C (like for life insurance ...
Zero tax up to ₹12 lakh as well as the attractive new tax slabs are only applicable to the new tax regime, but at the same ...
The government on Saturday explained how the tax reforms, proposed under the new income tax slabs, will benefit the middle ...
Finance Minister Nirmala Sitharaman announced the new tax slabs under the new tax regime, thus offering tax saving for taxpayers. There will no income tax for salaried taxpayers earning upto ₹12.75 ...
The new tax regime allows a salaried individual to claim a standard deduction of Rs 75,000 from the salary income. There is ...
The government on Saturday said the old tax regime will continue. But with the changes announced in Budget 2025, does it ...
To the relief of middle-class tax payers, Finance Minister Nirmal Sitharaman announced a new tax slab during the Union Budget ...
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