95-97% taxpayers will move to New Tax Regime: CBDT chief on zero tax for salary up to Rs 12 lakh
CBDT Chairman Ravi Agrawal the motivation behind the rejig of the tax slabs was to provide substantial relief to the middle ...
How to switch to the Old Tax Regime if your company opted for the New Tax Regime; check details
Switching between the Old Regime and the New Regime is possible for individuals, allowing their annual tax regime to ...
New income tax slabs for FY 2025-26: 30% tax now starts at Rs 24 lakh, income up to Rs 20 lakh to be taxed at 20% in Budget 2025
The new tax regime is the default tax regime. Currently, the highest tax rate of 30% is applicable from net taxable income ...
Budget 2025: New vs Old Tax Regime – Which Is Beneficial For You? Choose Wisely
The new tax regime, introduced under Section 115BAC of the Income Tax Act, 1961, was designed to make taxes simpler by ...
Income Tax Budget 2025 LIVE: Who is likely to benefit most from FM Nirmala Sitharaman's tax slab change?
Finance Minister Nirmala Sitharaman in Budget announced new tax slabs in the new tax regime 2025, making it so that there is ...
Impacts4d
ITR Filing Made Simple: Your Easy Guide to Tax Return Submission
Anyone earning Rs 2.5 lakh or more in India must file an ITR. This rule applies to everyone, not just high-income earners.
Tax Guru2d
Form 10-IE Filed, But Old Regime Return filed: ITAT Pune Rejects New Tax Regime Enforcement
JCIT (A) upheld the CPC’s action, stating that under section 115BAC, once the option for the new regime is exercised, it cannot be withdrawn for the current year, only for subsequent years. However, ...
HOW SENIOR CITIZENS BENEFIT FROM NEW TAX CHANGES
The Union Budget 2025 brings new reforms in the tax rates, benefiting senior citizens and ensuring post-retirement financial ...
Some exemptions likely in new income tax regime, inflation adjusted income tax slabs possible: Rakesh Nangia
Updated - January 25, 2025 at 10:00 AM. | New Delhi READ LATER ...
What Rs 12 Lakh Exemption Means And How Tax Is Calculated If You Earn More
The government has revised the tax structure under the new regime with Finance Minister Nirmala Sitharaman announcing that those earning up to Rs 12 lakh annually won't have to pay any income tax.
From Rs 2 lakh to 12 lakh: Transformation of India’s personal income tax structure under Modi govt since 2014
In 2014, taxpayers were exempt from tax on income up to Rs 2 lakh. Budget 2025 has significantly expanded this relief to Rs ...