In both tax systems, Section 112A provides a tax exemption for Long Term Capital Gains (LTCG) of up to Rs 1.25 lakh on ...

under the old tax regime and claim these deductions as a tax refund. However, you will need to opt out of the new tax regime. Many taxpayers are facing a dilemma about choosing the ‘right ...

In the proposed new tax regime introduced in Budget 2024, only the standard deduction of Rs 75,000 is considered for tax calculation. In contrast, the old tax regime takes into account a standard ...

Income tax slab: In Budget 2024, Finance Minister Sitharaman introduced key changes to the income tax slabs under the new tax regime ... However, the old tax regime remains unchanged.

The Federal Government has kicked-off the implementation of the 2024 Withholding Tax Regulations. The new regulations ... experienced with the old withholding tax regime was the failure to ...

For the 2025-26 Assessment Year, individuals have the choice between the old and new tax regimes. The new regime may provide lower tax rates for different income levels, but it does come with the ...

Budget 2024's revamped tax regime offers simplified slabs, higher deductions, and savings up to Rs 17,500 annually, enhancing flexibility and easing tax compliance for taxpayers.

The Federal Government has commenced the implementation of the 2024 Withholding Tax Regulations, signalling effort to modernise Nigeria’s tax system. Approved by President Bola Tinubu in July ...

Here's what the new tax brackets are going to be, plus how much you can contribute to a tax-free savings account and RRSP You can save this article by registering for free here. Or sign-in if you ...

Colombo, January 3 (Daily Mirror) - United Republican Front (URF) leader Patali Champika Ranawaka said yesterday that the tax policy regime of the new government would burden people further and ...

The new Syrian regime, led by Hayat Tahrir al-Sham (HTS), a rebranded Al Qaeda and Isis affiliate, has sought to distance itself from its extremist roots, promising a future of tolerance and ...

Income Tax, Union Budget 2025: Here's the current income tax rates and slabs under both the New Tax Regime and the Old Tax Regime. Income Tax: In the upcoming Budget 2025, the government is likely to ...