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Hosted on MSNNew Tax Regime: There are 3 deductions available in the new tax regime, but people know about only one...The Government of India has introduced the New Tax Regime to simplify personal income tax. Out of the total 7.28 crore income ...
With 72% of taxpayers now opting for the New Tax Regime, it's important to understand the deductions available under this ...
The Income Tax Department has introduced an online calculator for taxpayers to compare their potential savings under the ...
The Income Tax Bill 2025, a document of 622 pages comprising 536 sections and 23 chapters, is anticipated to be introduced in ...
Old tax regime to continue along with new one, tax tabulation for FY25 to be done under existing Act
New Income Tax Bill retains provisions from 1961 Act, offers flexibility, transparency, and aims to simplify tax laws.
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India Today on MSNEarning up to Rs 12.75 lakh? Why you should opt for new income tax regimeEarlier, taxpayers earning up to Rs 7 lakh paid nil taxes under the new regime. Now that limit has been raised to Rs 12 lakh.
In Budget 2025, Finance Minister Nirmala Sitharaman proposed new tax regime income tax slabs. Once the slabs come into effect ...
For taxpayers without business income: Taxpayers without business income can simply select the Old Tax Regime while filing ...
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 ...
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, ...
Amid the new Income Tax Bill 2025, we answer most FAQs on tax slabs, old vs. new regime, the new income tax rules, exemption ...
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