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 ...

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

The Union Budget 2025-26 is anticipated to bring potential income tax relief, especially for individuals earning up to Rs 15 ...

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

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

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 ...

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

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 ...

Budget 2024 liberalised I-T slabs under the new simplified regime further, incentivising a shift away from the old, with-exemptions tax regime. These are the I-T slabs and effective tax rates for 2024 ...