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

Although the typical deductions for investment in the tax-saving instruments such as PPF, ELSS, KVP and NSC, have been phased ...

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

Starting from 2024, the default tax-filing regime will be the New Tax Regime, which features a simplified process but limited ...

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

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.

One should note that there have been no modifications to the income tax rules, slabs, and rates in the Old Tax Regime.

This has reignited the debate between the New Tax Regime and the Old Tax Regime, with individuals weighing the benefits of ...

As the country keenly awaits February 1st, the most treaded class in the economy, the middle class is waiting for the ...

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

Budget: There is a reason why people demand standard deduction before every Budget. If you are a businessperson, you can ...

Apart from introducing changes to the National pension scheme and provding tax relief under the ’new tax regime’, the ...