The Government's endeavour has been to promote the new tax regime, and personal tax changes in the last few Budgets have been ...

Changes were made in the July Budget to reduce the complexity of the capital gains tax calculations and give some income tax ...

How much of this will translate into actual benefits for the middle class? And will the government take bold steps to ...

To make the new tax regime more attractive for the taxpayers, the government has raised the standard deduction to Rs 75,000 ...

Salaried taxpayers hope Budget 2025 will see some major taxation reforms, including much-needed tax relief for them, higher ...

The call for a rational income tax regime in India grows as the tax base remains narrow, with heavy reliance on the already taxed consuming classes.

In this write-up, we will analyze which tax regime — old or new — is more advantageous for individuals with an annual income of up to ₹15 lakh. For this comparison, we will assume the taxpayer is ...

The current income tax slabs introduced for FY 2024-25 were designed to alleviate the tax burden on average taxpayers.

Budget 2025 is anticipated to provide tax relief for salaried individuals. Proposals include raising the tax-free income limit to ₹10 lakh and simplifying tax slabs to enhance disposable incomes.

Finance Minister Nirmala Sitharaman is reportedly going to announce a new bill introducing a new income tax system to simplify tax laws during the Budget Session, which starts tomorrow. But what do we ...

Budget 2025 is around the corner, and taxpayers are eagerly waiting for potential income tax changes! Should you stick to the old tax regime with deductions or switch to the new simplified structure?