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

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

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

These slabs apply to individuals, Hindu Undivided Families (HUFs), and associations, and are updated periodically to reflect ...

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

With Finance Minister Nirmala Sitharaman set to present the Union Budget on February 1, rumours of a cut in income tax rates ...

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

Ram Medury anticipates Budget 2025 will focus on income tax concessions and increased capital expenditure, particularly in ...

SBI suggests switching all taxpayers to the New Tax Regime to boost compliance and income before Budget 2025. Discover more ...

Budget 2025: udget 2025 is expected to address taxpayers' concerns over the dual tax regime system, with experts advocating ...

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