Read this table to see how much tax you can save at different income levels ranging from Rs 9 lakh to Rs 2.4 crore.
CBDT chief discusses non-intrusive tax administration, simplified ITRs, and AI usage post-Budget for enhanced compliance and ...
Zero tax up to ₹12 lakh as well as the attractive new tax slabs are only applicable to the new tax regime, but at the same ...
The old tax regime, which remains unchanged in the 2025 Budget, allows taxpayers to claim various exemptions such as House Rent Allowance (HRA), deductions under Section 80C (like for life insurance ...
Ravi Agrawal says simplified tax slabs and zero tax on income up to ₹12 lakh will push more taxpayers to adopt the new regime ...
Agrawal said the government's and the Income-Tax Department's philosophy and approach is to ensure a "non-intrusive" tax ...
The Finance Minister has adjusted tax slabs for the middle class in the new tax regime, offering greater savings and tax ...
In a major relief for the middle class, Finance Minister Nirmala Sitharaman announced that individuals earning up to Rs 12 ...
The government has also raised the TCS exemption limit on Liberalised Remittance Scheme (LRS) transactions from Rs 7 lakh to ...
Currently, about 74-75 per cent of taxpayers file their returns under the new income tax regime, the official said citing government data.