Switching between the Old Regime and the New Regime is possible for individuals, allowing their annual tax regime to ...

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

This article discusses some of the key amendments that may be introduced in the upcoming budget to achieve the Finance ...

There will be zero income tax up to an annual income of ₹12 Lakh under the new tax regime, FM Sitharaman has announced.

Budget 2025 has hiked the income tax basic exemption limit, introduced new income tax slabs under the new tax regime, no ...

The income tax reforms introduced in the budget are among the biggest in the last decade — simplified and rationalised to put more money in people's hands without compromising the fiscal deficit.

The Income Tax Act review—announced on July 23—was supposed to be completed in six months, which ended on January 23. Can we expect new legislation with revised provisions on February 1? Experts weigh ...

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

and Rs 4 lakh for all individuals under the new tax regime," said CA (Dr.) Suresh Surana. There are also other criteria, which, if met, require a return to be filed even if the total income does ...

Lauding the new tax regime, PM Modi said that his government seeks to put more money in the pockets of people, increase ...