The proposed changes could substantially increase the disposable income available to both middle-class and high-income ...
Income Tax Slabs FY 2025-25 New versus Old Income Tax Regime: Finance Minister Nirmala Sitharaman announced significant ...
Tax breaks introduced in budget 2025 have reduced the tax advantages of equity investments for small and medium investors, ...
Recognizing the contributions of the middle class and with an objective to eventually phase out the old tax regime, various ...
The new tax regime is the default tax regime. Currently, the highest tax rate of 30% is applicable from net taxable income ...
Individuals earning up to Rs 12,00,000 per annum exempted from income tax; salaried taxpayers get additional Rs 75,000 ...
In her Budget 2025 address, FM Nirmala Sitharaman announced modifications to the new tax regime, such as the exemption of up ...
New system's simplicity, reduced tax liability, increased disposable income potential 'make it a formidable alternative' ...
The biggest change is the revised tax slab, which ensures that individuals earning up to Rs 12 lakh annually will not have to pay any income tax ...
A key highlight this Budget for middle-class and salaried taxpayers is the exemption of income tax for those earning up to Rs ...
Many taxpayers preferred the old tax regime because it allowed them to claim deductions for expenses like house rent, home ...
The new tax regime has become quite attractive for the middle-class taxpayers. In FY 2023-24, around 74 percent of taxpayers ...