Read this table to see how much tax you can save at different income levels ranging from Rs 9 lakh to Rs 2.4 crore.
Here are the income tax rates, standard deduction available, basic exemption limit, rebate and deductions under both the new ...
To the relief of middle-class tax payers, Finance Minister Nirmal Sitharaman announced a new tax slab during the Union Budget ...
The Budget proposes revised slabs and rates, which Sitharaman said would reduce the tax burden on the middle class, allowing ...
The old tax regime remains unchanged. 'Taxpayers opting for it will continue to follow the existing slab rates and deductions ...
The government on Saturday said the old tax regime will continue. But with the changes announced in Budget 2025, does it ...
The new income tax law will be easier to understand, free of outdated provisions, and aims to encourage taxpayers to switch ...
Under the proposed Union Budget 2025, a ₹60,000 rebate applies to incomes up to ₹12 lakh, enhancing the attractiveness of the ...
Currently, about 74-75 per cent of taxpayers file their returns under the new income tax regime, the official said citing government data.
The middle class of the country is very happy with the announcement of making an income of Rs 12 lakh tax-free in the General Budget 2025. Now the question is whether the benefit is in the old tax ...
The incentives to switch to the new tax regime... are viewed as a negative due to potential loss of customers who buy ...
When asked whether the budget announcement of zero tax on annual income up to ₹12 lakh would lead to 100% of taxpayers ...