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

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 tax regime allows a salaried individual to claim a standard deduction of Rs 75,000 from the salary income. There is no hike in the standard deduction limit in the Budget 2025.

The Indian income tax policy has been a cornerstone of the nation’s economic framework, shaping growth and development across industries. However, over the years, its complexity has raised significant ...

Lea Uradu, J.D., is a Maryland state registered tax preparer, state-certified notary public, certified VITA tax preparer, IRS annual filing season program participant, and tax writer. Vikki ...

The Internal Revenue Service has set its calendar for the upcoming tax-filing season: Americans can start submitting their income-tax returns on Monday, Jan. 27. As people send in their 2024 ...

Budget 2025: In her Union Budget 2024 speech, Finance Minister Nirmala Sitharaman introduced 3 new tax slabs in the new tax regime. As she is set to present Budget 2025 on Saturday, the salaried class ...

The new regime offers simplicity and lower tax rates, while the old regime provides benefits for those with significant deductions. Review your financial situation carefully to make an informed ...

As we enter 2025, taxpayers nationwide are bracing for significant tax reforms. You've probably heard about changes that will come at the federal level as a new administration enters the White ...

“We have assembled an esteemed panel of speakers who will do justice to this topic by sharing their vast wealth of experience and insights on how best to navigate the new tax regime,” she ...

The government is reportedly planning to incentivise the new tax regime, which has lower income tax rates but significantly fewer exemptions and deductions. According to the latest reports, Finance ...