This means more and more taxpayers will now choose the new tax regime, particularly those falling in the lower income bracket. Chairman of CBDT Ravi Agrawal even claimed that 90 percent of ...

will now find it difficult to have the break-even level of deductions of ₹8 lakh (other than standard deduction) needed to match the reduced tax liability in the new regime. For non-salaried ...

Individuals having taxable income of Rs 12 lakh will not required to pay any tax from FY 2025-26. However, there can be ...

If your taxable income is even a rupee more, you will not get the benefit of rebate but will have to pay taxes as per slab rates un der the new tax regime ... come back to a point that often ...

Old vs New tax regime: What if you earn more than Rs 12.75 lakh? Should you pick the new tax regime for lower rates or stick to the old one for deductions? Listen to Story New tax regime offers zero ...

Pretty soon, even the athletes you never see will earn ... there may be another perk available in the near future: Tax breaks! A new bill proposed in the Georgia legislature aims to eliminate ...

Sinking yields lessened the intense pressure on EM currencies, pressure which had forced 'doom loop' EM currency intervention ...

On February 3, the Indian stock market faced significant losses, with the Sensex down 750 points and the Nifty 50 dropping to ...

You could still end up paying no tax. Listen to Story Zero tax on annual income up to Rs 12.75 lakh under new regime People earning even higher can end up paying ... be claimed under the old regime.

In the United States, as in Europe, the advent of national citizenship (as opposed to local citizenship) has mirrored and ...

In such a situation, they have the choice to opt for the old tax regime while filing the tax return, even though the employer withheld taxes based on the new tax ... breakeven point is the amount ...

And you can lock in at an even higher rate by purchasing ... your money is allowed to grow tax-free until you need to withdraw it; and two, you get an immediate break on the income tax you would ...