If you are still confused about which tax regime to choose after Budget 2025 proposals, here is how to choose between the old ...
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.
The proposed tax changes by the FM guarantee no one is worse off, with potential gains depending on income level and scheme. The new regime offers sig ...
The government has introduced a new slab system, where tax is completely exempt for incomes up to ₹12 lakh. For salaried individuals, this limit increases to ₹12.75 lakh after factoring in the ...
Under the proposed Union Budget 2025, a ₹60,000 rebate applies to incomes up to ₹12 lakh, enhancing the attractiveness of the ...
Income up to Rs 12.75 lakh is tax-free under the new tax regime for FY 2025-26, thanks to enhanced rebates and deductions — but it's not tax-exempt. Here's how your tax is calculated.
The Central Board of Direct Taxes (CBDT) is the administrative body, under the Union finance ministry, for the I-T Department.
The government has also raised the TCS exemption limit on Liberalised Remittance Scheme (LRS) transactions from Rs 7 lakh to ...
Less: Exemptions on Salary income (other than HRA) which are not allowed under New Regime (e.g. Leave travel allowance, Education allowance, Hostel allowance etc.) Less: Exemptions on Salary ...
Budget 2025 has made income up to ₹12 lakh effectively tax-free under the new tax regime. The Finance Minister increased the ...