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

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

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

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

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

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

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

The upcoming Budget 2025-26 is likely to introduce significant tax benefits aimed at individuals earning up to Rs 15 lakh ...

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

July 2024 steps will shape tax deductions and exemptions that can be claimed when filing an Income Tax Return (ITR) in July ...

Salaried employees opting for the old tax regime for FY 2024-25 must submit investment proofs to claim exemptions and ...

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