The government introduced a new tax regime of lower tax rates in Budget 2020, which continues in FY 2025-26. In Budget 2025, the government pushed for the adoption of the new tax regime of lower tax ...
He also cited the new tax regime (NTR), where there are no deductions ... it again comes back in some form through taxes." "So, basically, it is an integrated sort of exercise," he said.
About 74 per cent of the people have already adopted the new tax regime. I am sure that with ... it again comes back in some form through taxes. So, basically, it is an integrated sort of exercise ...
This means that such deposit holders may not need to file self-declaration forms (Form 15 ... Income Tax Budget 2025 LIVE: Taxpayers should consider switching to the new tax regime if - 1.
“For a person earning Rs 12,10,000, in the absence of marginal relief, the tax would amount to ₹61,500 (5% of ₹4 lakh + 10% ...
So, accordingly the proposed tax slabs under the new tax regime for the FY 2025-26 or AY 2026-27 2 ... Updated ITR filed using the form ITR-U enables taxpayers to update their ITRs i.e. correct their ...
Central Board of Direct Taxes (CBDT) Chairman Ravi Agrawal said that 90 per cent or more taxpayers are likely to move to the new tax regime from ... comes back in some form through taxes.
Central Board of Direct Taxes (CBDT) has clarified that marginal relief applies to incomes up to Rs 12.75 lakh. This means ...
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Explainer: Income of Rs 14.65 lakh will be tax free in the new tax regime; Understand the complete calculation..Finance Minister Nirmala Sitharaman gave a big relief to the general public in the budget. She made annual income up to Rs 12 ...
The Budget announcement of zero tax for earnings upto Rs 12 lakh per annum and the rejig of tax slabs across the board should prompt more than 90 per cent of individual taxpayers to embrace the new ...
A relief came in the form of a Rs 2,000 rebate for incomes up to Rs 5 lakh. Fast forward to Budget 2025-26, and the tax landscape looks starkly different. The new income tax regime, which was ...
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Old Tax regime: Rent receipts are being properly investigated, your dream of saving money in the old tax regime will be shattered..Finance Minister Nirmala Sitharaman has made the new tax regime more attractive by making income up to Rs 12 lakh tax-free in ...
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