Under the proposed new tax regime, income up to Rs 12 lakh for non-salaried class individuals and income up to Rs 12.75 lakh for salaried-class individuals are tax-free. But what if you are a salaried ...

Finance Act, 2025 introduced significant amendments to the Income-tax Act, 1961, refining existing provisions and adding new ones for compliance and clarity. Notable changes include tightening ...

Though the new income tax regime will feature revamped tax slabs from April 1, 2025 onwards, the old regime offers a slew of deductions and exemptions. The new income tax regime will feature the ...

The upcoming tax season is just 10 days away, and taxpayers may be deliberating on which tax regime to select for the next fiscal year. The Union Budget FY26 introduced significant tax benefits ...

the new regime typically offers a higher take-home pay. The comparison between the new and old regimes for different salary levels shows variations in tax liability and in-hand income. New vs old ...

Unlike the new tax regime, the old regime offers a wide range of deductions under Section 80C and others, making it essential to act before the financial year ends. If you're opting for the old tax ...

In the Union Budget 2023, the new tax regime was made the default regime. “Taxpayers with business or professional income, including Individuals, HUFs, AOPs (excluding cooperative societies ...

These deductions are not available under the new tax regime, which offers lower tax rates but fewer exemptions. One of the major advantages of the old tax regime is the House Rent Allowance (HRA ...

This new tax regime was subsequently made applicable to ... The approach of using clear and lucid language, increased use of tabular format for representation of information and mathematical ...

Analysis: Ireland's tax regime has faced down many challenges over the last 70 years, but there's potential new obstacles ahead Despite the relatively friendly facade, Donald Trump's White House ...