In 2020, the Government of India introduced a new tax regime that offered concessional tax rates while scrapping most of the deductions and exemptions offered under the old tax regime. Most small ...

The government is undertaking a comprehensive review of ... Directionally, the government’s thrust towards the new tax regime is gaining significant impetus. The government can look at either ...

There will be no income tax payable upto income of Rs 12 lakh (i.e. average income of Rs 1 lakh per month other than special rate income such as capital gains) under the new regime. This limit ...

New Tax Regime vs Old Tax Regime Slabs and Rates: Finance Minister Nirmala Sitharaman has announced significant income tax relief for the middle class in the Union Budget 2025. Budget 2025 New Tax ...

The new tax regime may have been introduced as a simpler, less-cumbersome-paperwork alternative to tax-payers, but it is not completely devoid of tax relief. Financial year 2023-24 onwards ...

MUMBAI, Feb 2 (Reuters) - India's federal government has changed some of its personal income tax rules in an attempt to move taxpayers to a new regime introduced in 2020, which has so far not ...

While discussions on the contours of the Budget have just begun with finance minister Nirmala Sitharaman undertaking public ... who earn pension under the new tax regime, which became the default ...

Is the freshly-revamped new tax regime worth your while? The answer depends on your income level and the total deductions you claim. Not surprisingly, those in the highest tax bracket of over Rs 5 ...

Mumbai: With the start of the new financial year 2025-26, salaried individuals are once again facing the common dilemma — which tax regime to choose: old or new? Employers are asking for ...

Finance Minister Nirmala Sitharaman on Saturday announced fresh tax slabs under the New Tax regime in the Union Budget 2025-26. The new tax slabs aim to provide relief to individuals earning up to ...

Under the proposed Union Budget 2025, a ₹60,000 rebate applies to incomes up to ₹12 lakh, enhancing the attractiveness of the new tax regime. Budget 2025 offers ₹60,000 rebate for incomes up ...