A key highlight this Budget for middle-class and salaried taxpayers is the exemption of income tax for those earning up to Rs ...

It is also important to note that the basic tax slab exemption limit has been raised to Rs 4 lakh from the previous Rs 3 lakh ...

The NDA government has implemented a range of incentives lately to promote the acceptance of the new tax regime. However, the ...

With no tax for income under ₹12 lakh, you have a higher incentive to opt for the new tax regime. This means your incentive to invest in tax saving instruments is lower than it ever was. Should you, ...

Confused about the old vs. new tax regime after Budget 2025? The Union Budget 2025 overhauled the new tax regime. The most ...

The government introduced a new tax regime of lower tax rates in Budget 2020, which continues in FY 2025-26. In Budget 2025, the government pushed for the adoption of the new tax regime of lower tax ...

The Union Budget 2025-26 introduces several amendments to indirect taxes, covering GST and customs. In GST, changes include allowing Input Service Distributors to distribute input tax credit for inter ...

For senior citizens investing in fixed deposits, the threshold for TDS on interest income exceeding Rs 50,000 was raised to ...

New system's simplicity, reduced tax liability, increased disposable income potential 'make it a formidable alternative' ...

The new tax structure announced in the Union Budget 2025 aims to ease the financial burden of the middle class, enhancing their disposable income and giving a boost to their consumption levels.