Your taxable income is your income after various deductions, credits, and exemptions have been applied. There are also various tax credits, deductions and benefits available to you to reduce your ...

The Union Budget 2025 has introduced new income tax slabs, bringing relief to taxpayers. Finance Minister Nirmala ...

In her Budget 2025 address, FM Nirmala Sitharaman announced modifications to the new tax regime, such as the exemption of up ...

The Budget 2026-27 also seeks to rationalise TDS/TCS provisions to alleviate compliance challenges and other relevant changes ...

The Union Cabinet approved a new Income Tax Bill to modernize and simplify India's tax system, replacing the 1961 Act. The ...

The biggest change is the revised tax slab, which ensures that individuals earning up to Rs 12 lakh annually will not have to pay any income tax ...

In the Budget 2025, Finance Minister Nirmala Sitharaman increased the income tax rebate limit from Rs 7 lakh to Rs 12 lakh in the New Tax Regime. Effectively, individuals earning up to Rs 12 lakh will ...

Recognizing the contributions of the middle class and with an objective to eventually phase out the old tax regime, various ...

Discover how income tax changes from Rs 0 on Rs 12 lakh earnings to Rs 61,500 on Rs 12.1 lakh, with a breakdown of tax rates and amounts.

The highlight of Finance Minister Nirmala Sitharaman’s budget presentation was giving Income tax relief for the middle class.

The new tax regime simplifies income tax, but with fewer deductions in play, taxpayers must make the most of the available ...

The Union Budget 2025 has brought significant changes to the tax slabs, leaving many wondering how it will impact their finances. Get a clear understanding of the new tax slabs from our expert in this ...