In the Budget 2025, Finance Minister Nirmala Sitharaman increased the income tax rebate limit from Rs 7 lakh to Rs 12 lakh in ...

Introduced in 2020, the new tax regime became a default regime in 2023. To be able to file tax return under the old tax ...

The new tax regime simplifies income tax, but with fewer deductions in play, taxpayers must make the most of the available ...

Save more tax in old tax regime by claiming up to Rs 8.5 lakh tax deductions for a salary income up to Rs 25 lakh. Moreover, ...

Recognizing the contributions of the middle class and with an objective to eventually phase out the old tax regime, various ...

Workers putting in extra hours will be rewarded under Trump’s proposal, which seeks to exempt overtime pay from taxation, ...

Introduced in the Union Budget 2020, the new tax regime offers significant reductions in tax rates, but limits the ...

Income Tax Slabs FY 2025-25 New versus Old Income Tax Regime: Finance Minister Nirmala Sitharaman announced significant ...

It is advocated by the Government that 75% of the assessees have moved to the New Tax Regime, which is not out of love and ...

For individuals who do not invest heavily in tax-saving instruments, the new tax regime could be more beneficial due to lower tax rates and a higher exemption limit. However, those who claim multiple ...

Many taxpayers preferred the old tax regime because it allowed them to claim deductions for expenses like house rent, home ...