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

In the Union Budget 2025, Finance Minister Nirmala Sitharaman is expected to adjust the personal income tax rules under the ...

Salary income: The standard deduction of INR 75,000 will continue for new regime taxpayers, compared to INR 50,000 under the old tax regime. The new tax regime provides a total rebate of INR ...

This triggers an old debate between old tax regime and new tax regime. However, if you are also confused between which tax regime to opt for, all you need to do is to enter all your earnings into ...

Under the proposed Union Budget 2025, a ₹60,000 rebate applies to incomes up to ₹12 lakh, enhancing the attractiveness of the new tax regime. Budget 2025 offers ₹60,000 rebate for incomes up ...

Income limit for rebate of income tax increased from ₹5 lakh to ₹7 lakh in the new regime in Budget 2023. Union Finance Minister Nirmala Sitharaman will present Union Budget 2025 tomorrow ...

While the new income tax regime offers lower tax rates of 5 per cent, 10 per cent, 15 per cent, 20 per cent, 25 per cent, and 30 per cent, with peak rate applicable to incomes over Rs 15 lakh ...

From raising the limit of rebate from Rs 7 lakh to Rs 12 lakh under the New Tax Regime (NTR), FM Sitharaman tweaked the tax slabs in a manner that would benefit taxpayers in higher salary brackets ...