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

Increasing standard deduction would offset the benefits of exemptions available in the old tax regime, and revising tax slabs ...

Income tax payers have a long wishlist, featuring a 30 percent tax slab only for those with incomes over Rs 20 lakh, inclusion of 80C and housing benefits under the new tax regime, and a special ...

The new tax regime for individuals could be modified and the government is examining possibility of reducing tax rates for ...

In the general budget to be presented on February 1, people will be waiting for the announcements related to income tax. If ...

Now less than a month is left for the presentation of the General Budget 2025-26. In this budget, the government can offer ...

The first slab can be from Rs 4 lakh to Rs 7 lakh instead of Rs 3 lakh to Rs 6 lakh now, and other slabs would get adjusted ...

The year 2024 has brought in significant changes to India's personal income tax structure, with multiple reforms announced in ...

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.

In a post on X, Pai has appealed to Prime Minister Narendra Modi and Finance Minister Nirmala Sitharaman to revise tax slabs ...

Benefits like equity in tax on interest on bank securities are possible, benefits like equity in tax are possible on interest ...

The upcoming budget may focus on the new income tax regime yet again to increase its appeal compared to the old tax regime.