In 2014, taxpayers were exempt from tax on income up to Rs 2 lakh. Budget 2025 has significantly expanded this relief to Rs ...

Switching between the Old Regime and the New Regime is possible for individuals, allowing their annual tax regime to ...

The income tax reforms introduced in the budget are among the biggest in the last decade — simplified and rationalised to put more money in people's hands without compromising the fiscal deficit.

Lauding the new tax regime, PM Modi said that his government seeks to put more money in the pockets of people, increase ...

In terms of GST-specific amendments, Budget 2025 also focused on pre-deposit amounts for GST appeals, reducing penalties for E-way bill violations and introducing a 10% penalty for other infractions.

In this write-up, we will analyze which tax regime — old or new — is more advantageous for individuals with an annual income of up to ₹15 lakh. For this comparison, we will assume the taxpayer is ...

with the frequency of switches contingent upon their profession or criteria stipulated in the tax regulations. Income Tax returns: With the two tax regimes -- New Tax Regime and Old Tax Regime ...