Taxpayers who have already selected the new tax regime in the Income-Tax Act 1961 will not need to choose it again in the ...

Here’s a table showing a comparison of old vs new regime with the income level and deductions. If you have deductions more ...

The Income Tax Bill 2025, a document of 622 pages comprising 536 sections and 23 chapters, is anticipated to be introduced in ...

New Tax Regime: The proposals in the Union Budget for the new tax regime include full exemption for individuals earning up to Rs 12 lakh per year. The tax slabs have been extended, with a new 25 ...

If you file your ITR under New Tax Regime, there will not be any tax payable, as it will be covered under Tax Rebate (u/s ...

The proposed changes could substantially increase the disposable income available to both middle-class and high-income ...

New Income Tax Bill retains provisions from 1961 Act, offers flexibility, transparency, and aims to simplify tax laws.

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

For individuals who do not invest heavily in tax-saving instruments, the new tax regime could be more beneficial due to lower ...

The new tax regime – the default – offers a basic exemption limit of Rs 3 lakh for all individuals, regardless of age. This ...

Nirmala Sitharaman's new Income Tax Bill takes effect in April 2026. Can taxpayers still opt for the old tax regime in FY26? Find out what experts say.

Union Finance Minister Nirmala Sitharaman explained that these revisions are designed to increase disposable income, ...