Introduced in 2020, the new tax regime became a default regime in 2023. To be able to file tax return under the old tax ...

The new tax regime simplifies income tax, but with fewer deductions in play, taxpayers must make the most of the available ...

Latest Income Tax Slabs FY 2025-26 after Budget 2025: In the new tax regime for FY 2025-26, individuals earning up to Rs 12 ...

Income Tax Slabs FY 2025-25 New versus Old Income Tax Regime: Finance Minister Nirmala Sitharaman announced significant ...

For individuals earning Rs 15 lakh annually, opting for the old tax regime can result in tax savings of up to Rs 48,100, ...

Despite the removal of many benefits, certain allowances remain exempt under the new tax regime, providing some relief to ...

The bill will not introduce new taxes. Instead, it will focus on simplifying tax laws, reducing legal complexities, and ...

Read this table to see how much tax you can save at different income levels ranging from Rs 9 lakh to Rs 2.4 crore.

What if you earn more than Rs 12.75 lakh? Should you pick the new tax regime for lower rates or stick to the old one for deductions?

India’s tax system saw important updates, making the new tax regime the default for most taxpayers. While it offers lower tax rates, it removes many traditional exemptions.

New system's simplicity, reduced tax liability, increased disposable income potential 'make it a formidable alternative' ...

Introduced in the Union Budget 2020, the new tax regime offers significant reductions in tax rates, but limits the ...