In 2020, the Government of India introduced a new tax regime that offered concessional tax rates while scrapping most of the deductions and exemptions offered under the old tax regime. Most small ...

The new tax regime simplifies income tax, but with fewer deductions in play, taxpayers must make the most of the available benefits. From housing loans to retirement exemptions, here’s what’s ...

Income Tax Slabs FY 2025-25 New versus Old Income Tax Regime: Finance Minister Nirmala Sitharaman announced significant income tax relief for the middle class in the Union Budget 2025, eliminating ...

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 ...

New vs Old Tax Regime: In a major relief for taxpayers, the Union Budget 2025 has revamped the new tax regime, exempting individuals earning up to Rs 12 lakh annually from income tax. In a major ...

The new tax regime offers significant benefits for income up to Rs 12 lakh (Rs 12.75 lakh for salaried), surpassing the old regime's appeal despite deductions. Choosing the old regime makes sense ...

the old tax regime offers a tax saving of Rs 48,100 compared to the new tax regime — provided they make sufficient investments to utilise all available deductions and claim HRA exemptions.

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

Budget 2025: Tax-free income limit under new regime rises to Rs 12 lakh Key changes to income tax slabs The FM has proposed to revise tax slabs and rates under the new tax regime. A new tax slab ...

Central Board of Direct Taxes (CBDT) Chairman Ravi Agarwal said that around 95-97 per cent of the taxpayers would join the new tax regime from the current 74-75 per cent. He said currently there ...

Looking at the favourable bias towards New Tax Regime I had anticipated that the Finance Minister will scrap the Old Tax Regime altogether but instead of doing it in one go she has put the old tax ...

How many taxpayers are expected to get benefits because of the changes in rates and slab under the new Income Tax regime? Nearly five crore people were getting benefits because of rebate up to ...