The income tax system in India operates through a progressive slab structure. The amount of tax an individual pays is ...

A tax rebate is available on income up to Rs 7 lakh under the new tax regime and up to Rs 5 lakh under the old regime ...

Finance Minister Nirmala Sitharaman’s Budget 2024 modified income tax slabs, favouring the new tax regime. The old regime, ...

“Currently, those with income up to ₹ 5 lakh do not pay any income tax in both old and new tax regimes. I propose to increase ...

Experts demand 87A tax rebate increase, accessible home loans, income tax slabs linked with inflation and others from the FM.

A unified tax structure that converges elements of the Old and New Tax Regimes can simplify compliance while retaining ...

India's Budget 2025 may potentially abolish the old tax regime. The new tax regime, default since 2020-21, offers simplified, ...

Individual taxpayers are currently facing confusion regarding the choice between the old and new tax regimes ... While the new regime offers lower slab rates, it requires taxpayers to forego ...

A majority of individual taxpayers want finance minister Nirmala Sitharaman to ease taxes in the budget. It’s a worthy idea.

Under the new tax regime, income up to ₹7.75 lakh is currently tax-free. Raising this limit to ₹10 lakh would provide ...

Understanding income tax slabs is critical for efficient tax planning and achieving financial goals. The government offers ...

NPS contributions of up to Rs 50,000 to the National Pension System (NPS) under Section 80CCD(1B) qualify for deductions only ...