Choosing between old and new tax regimes in ITR filing 2025 involves understanding benefits like standard deductions, NPS ...
It is important for the taxpayers to invest in tax-saving instruments prior to March 31 to be able to avail income tax ...
Earlier, taxpayers earning up to Rs 7 lakh paid nil taxes under the new regime. Now that limit has been raised to Rs 12 lakh.
In Budget 2025, Finance Minister Nirmala Sitharaman proposed new tax regime income tax slabs. Once the slabs come into effect ...
Though the new regime offered concessional tax rates, it reduced several popular deductions and exemptions, like HRA, LTA, ...
The Government of India has introduced the New Tax Regime to simplify personal income tax. Out of the total 7.28 crore income ...
T Act, which pertains to the New Tax Regime, is applicable by default unless the taxpayer chooses to opt out under specific ...
During her speech, the Finance Minister announced that individuals earning up to Rs 12 lakh will be exempt from paying taxes.
With 72% of taxpayers now opting for the New Tax Regime, it's important to understand the deductions available under this ...
The Union Budget 2025, presented in the Parliament Session on February 1, 2025, introduced major reforms in exemptions and deductions under the new tax regime for the Financial Year (FY) 2025-26 and ...
The Finance Bill 2025 has introduced a new tax regime starting from the financial year 2025-26, making income up to Rs 12 ...