To make the new tax regime more attractive for the taxpayers, the government has raised the standard deduction to Rs 75,000 ...

Taxpayers are keenly awaiting possible reductions in tax rates and increased exemption limits, amid ongoing high inflation ...

The new tax regime was first introduced in Union Budget 2020-21 by inserting a new section, 115BAC, in the Income Tax Act for ...

Switching between the Old Regime and the New Regime is possible for individuals, allowing their annual tax regime to ...

Most personal tax experts are of the view that the government will phase out the old income tax regime in the com ...

With the Budget 2025 deadline nearing, the buzz is that the old income tax regime may be scrapped. Analysts point to the ...

In 2020, the finance minister unveiled the new tax regime, which offered taxpayers the option to pay lower tax but forego ...

Budget 2024 ushered in sweeping changes in the new tax regime, rejigging income tax slabs and hiking the standard deduction ...

In this write-up, we will analyze which tax regime — old or new — is more advantageous for individuals with an annual income of up to ₹15 lakh. For this comparison, we will assume the taxpayer is ...

The new tax regime is now the default for taxpayers in FY 2023, allowing lower tax slabs but eliminating old deductions.

Standard deduction is a flat deduction available on the salary income that helps reduce the taxable income of a t ...

Experts have mentioned the need for the government to put more money in the hands of taxpayers to boost consumption, which ...