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Tax Calculation: Understanding Tax Calculation: Gross Income, Taxable Income, and Net Income, What is the difference?
The Union Budget 2025 has introduced new income tax slabs, bringing relief to taxpayers. Finance Minister Nirmala ...
CBDT tax calculator: If your annual salary is Rs 15 lakh, which tax regime should you opt for - new tax or old tax?
In her Budget 2025 address, FM Nirmala Sitharaman announced modifications to the new tax regime, such as the exemption of up ...
Income Tax Calculator FY 2025-26: Compare New Tax Regime vs Old Tax Regime
The income tax department has launched a simple tool to help taxpayers compare taxes under the New Tax Regime for FY 2024-25 ...
Do I need to pay tax if my income goes even one rupee over Rs 12 lakh?
Yes, it is. You get a Standard Deduction of Rs 75,000 — but only if you’re salaried or a pensioner choosing the new tax ...
Income Tax: What is rebate under 87A which enables taxpayers earning upto ₹12 lakh to claim zero tax? An explainer
If you have seen the latest tax rates, you must have noticed that there is 5 percent tax on income between ₹4 to 8 lakh and ...
New Tax Regime 2025: These exemptions, deductions will be available for taxpayers
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 ...
Budget 2025 income tax: Personal tax announcements from the Budget and their impact
Recognizing the contributions of the middle class and with an objective to eventually phase out the old tax regime, various ...
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New income tax bill likely to be approved by Cabinet today: What to expect and key changes
The bill will not introduce new taxes. Instead, it will focus on simplifying tax laws, reducing legal complexities, and ...
Decoding The Mystery Of Rs 12 Lakh Tax Exemption & Capital Gains tax
The highlight of Finance Minister Nirmala Sitharaman’s budget presentation was giving Income tax relief for the middle class.
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Union Budget 2025 Tax Slabs Decoded: All You Need To Know
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 ...
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Understanding India’s New Tax Regime: Key Changes And Benefits In 2025
India’s tax system saw important updates, making the new tax regime the default for most taxpayers. While it offers lower tax rates, it removes many traditional exemptions.