The Income Tax Department has introduced an online calculator for taxpayers to compare their potential savings under the newly default New Tax Regime, effective April 2025. The initiative aims to ...

FM Nirmala Sitharaman announced major income tax relief, with no tax payable on income up to Rs 12 lakh. New tax regime to be ...

Budget 2025 prioritised three key areas: reviving consumption amid a notable slowdown, keeping inflation in check through a ...

The Government of India levies tax upon the income of salaried and self-employed citizens of all age groups. Once you figure out which tax slab you fall under as per your tax regime, it becomes easier ...

The new tax regime is the default tax regime. Currently, the highest tax rate of 30% is applicable from net taxable income ...

Finance Minister Nirmala Sitharaman tabled the Union Budget for the financial year 2025-2026 in Parliament on Saturday. From ...

In Budget 2024, FM Sitharaman increased the standard deduction for those who opted for the new tax regime to Rs 75,000 ...

Finance Minister Nirmala Sitharaman has announced changes to the income tax slabs in the new regime. As per the changes, ...

The old tax regime, which remains unchanged in the 2025 Budget, allows taxpayers to claim various exemptions such as House Rent Allowance (HRA), deductions under Section 80C (like for life insurance ...

Finance Minister Nirmala Sitharaman announced new tax slabs in the new tax regime 2025, so there will be no income tax for ...

Nirmala Sitharaman made a historic announcement that there will be no income tax payable for those with an income upto ₹12 lakh.

Ans. Earlier the limit of income for nil tax payment was Rs 7 lac. By increasing this limit to Rs 12 lakh around one crore assessees who were earlier required to pay tax varying from Rs 20,000 to Rs ...