New tax slabs for 2025-26 increase tax-free income to ₹12.75 lakh for salaried individuals (including ₹75,000 standard ...

Big tax savings are possible—even under the no-exemptions new regime. A case study shows how a Rs 50 lakh salaried employee ...

With Budget 2025 making income up to Rs 12 lakh tax-free under the new regime, salaried taxpayers are weighing the benefits ...

With the ITR filing season underway for FY 2024-25, senior citizens in India—especially pensioners—stand to gain from several tax exemptions, deductions, and simplified norms. From increased exemption ...

The amount of tax payable depends on the applicable income tax slab for the financial ... Under the new regime (introduced from FY 2020–21), tax rates are lower but without many exemptions, while ...

The input-tax-credit system in GST regime in manufacturing ... should be in round figures. For example, presently local Speed Post tariff for the first 50 gms slab is rupees 18 which can be ...

Under the new tax regime, you will have to pay tax of Rs 1,04,000. Under the old tax regime, after claiming 80C (already mentioned by you) and additional exemption of Rs 50,000 under section 80 ...

Indexing ensures that rising nominal incomes due to inflation do not result in higher effective tax burdens, especially for low and middle-income earners. Far too often, modest salary increments ...

The new tax regime, introduced to simplify the taxation process, offers lower slab rates but does so at the ... accommodation and receive HRA as part of your salary, the exemption you can claim under ...

Which tax regime—old or new—is more beneficial for them for the Assessment Year 2026–27? For salaried taxpayers, choosing the right tax regime is especially important, as it directly affects take-home ...

If you fail to submit your investment declaration, your salary ... the income tax slab structure under the New Tax Regime is far more very welcoming and encouraging than in the Old Tax Regime.