Though the new regime offered concessional tax rates, it reduced several popular deductions and exemptions, like HRA, LTA, ...
The Union Budget 2025, presented in the Parliament Session on February 1, 2025, introduced major reforms in exemptions and deductions under the new tax regime for the Financial Year (FY) 2025-26 and ...
Will the new tax regime put more money in your pocket, or should you stick with the old regime? Here is all you need to know.
The proposed changes could substantially increase the disposable income available to both middle-class and high-income ...
The Income Tax Department has introduced an online calculator for taxpayers to compare their potential savings under the ...
If you file your ITR under New Tax Regime, there will not be any tax payable, as it will be covered under Tax Rebate (u/s ...
For taxpayers without business income: Taxpayers without business income can simply select the Old Tax Regime while filing ...
The Income Tax Bill 2025, a document of 622 pages comprising 536 sections and 23 chapters, is anticipated to be introduced in ...
Salary up to Rs 12.75 lakh is tax-free in the new tax regime. But if one takes benefits of allowances and NPS contribution, ...
T Act, which pertains to the New Tax Regime, is applicable by default unless the taxpayer chooses to opt out under specific ...
Understanding how tax policies affect IP can help your company optimize its strategies and enhance the value of its IP ...
New versus old income tax regime post Budget 2025: The new tax regime starting FY 2025-26 offers tax exemption for earnings ...