The proposed bill states upon choosing the new regime, taxpayers are unable to revert to the previous system in subsequent ...

Although these investments are not tax free any more, returns earned by investing in them are still exempt from income tax ...

Salary income: The standard deduction of INR 75,000 will continue for new regime taxpayers, compared to INR 50,000 under the old tax regime. The new tax regime provides a total rebate of INR ...

Explore the differences between the old and new tax regimes in India. Learn about the key features, benefits, and which option suits your financial situation best.

The new bill, designed to make tax regulations more accessible to the general public, will replace the existing Income Tax ...

Among the most significant announcements was the introduction of a New Income Tax Bill, set to be tabled this week ...

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 ...

Check the latest slabs of income tax and rates under the new tax regime for those earning above Rs 12 lakh. The adjustment in income tax rates is expected to enhance consumer spending in the economy.

New versus old income tax regime post Budget 2025: The new tax regime starting FY 2025-26 offers tax exemption for earnings up to Rs 12.75 lakh annually. Despite the new regimen's appeal ...

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 ...

In 2014, taxpayers were exempt from tax on income up to Rs 2 lakh. Budget 2025 has significantly expanded this relief to Rs ...