This means that such deposit holders may not need to file self-declaration forms ... Income Tax Budget 2025 LIVE: Taxpayers should consider switching to the new tax regime if - 1.

It’s unclear whether the declaration of a national emergency ... whether Trump intends to revoke a federal tax credit of up to $7,500 for buying a new EV. FILE – A 2023 Ford Mustang Mach ...

The Union Government has brought forward the “National Policy Framework on Agriculture Marketing” (NPFAM) [ 1] trough which trying to bring back agenda & content of Three Black farm laws. The draft ...

In 2020, the Government of India introduced a new tax regime that offered concessional tax rates while scrapping most of the deductions and exemptions offered under the old tax regime. Most small ...

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 ...

Tax on subsequent amount of 4 lakh (from 4 lakh to 8 lakh) Rs 20,000 (being 5% of Rs 4 lakh) Tax on subsequent amount of 4 lakh (from 8 lakh to 12 lakh) Rs 40,000/- (being 10% of Rs 4 lakh) Tax on ...

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 Tax Regime vs Old Tax Regime Slabs and Rates: Finance Minister Nirmala Sitharaman has announced significant income tax relief for the middle class in the Union Budget 2025. Budget 2025 New Tax ...

Under the proposed Union Budget 2025, a ₹60,000 rebate applies to incomes up to ₹12 lakh, enhancing the attractiveness of the new tax regime. Budget 2025 offers ₹60,000 rebate for incomes up ...

(Image: Freepik) Given the favorable bias towards the New Tax Regime, I had anticipated that the Finance Minister would scrap the Old Tax Regime altogether. However, instead of doing so in one go ...

The tax slabs under the new regime have been revised in Budget 2025. A salaried individual will pay zero tax for annual income up to Rs 4 lakh. In the Rs 4 lakh - to Rs 8 lakh bracket, 5 per cent ...

Tax payers have the option to choose between two tax systems - the old tax regime and new tax regime. The old tax regime allows exemptions on housing rentals, insurance and other long-term ...