Budget 2025: Tax deductions, exemptions under New Tax Regime and Old Tax Regime for FY2025-26
In Budget 2025, the government opted not to modify the existing tax regime or introduce any new deductions. Finance Minister ...
New Income Tax Bill 2025: FM To Simplify 'Tax Year'; Here Are List Of 10 Key Changes Proposed In Draft
Under the new bill, the draft proposes a standard deduction of Rs 75,000 or the salary, whichever is less, where income is ...
Budget 2025: Which tax regime is better for deductions, exemptions
Individuals earning up to Rs 12,00,000 per annum exempted from income tax; salaried taxpayers get additional Rs 75,000 ...
Can you deduct your home office on your taxes? It's not just 'if.' The key is the 'why'.
Just because you work from home doesn't mean you can deduct a home office on your taxes. Here's how to qualify for the ...
Tax Guru10d
Income Tax Rates for AY 2025-26 and 2026-27
The income tax rates for the assessment years (AY) 2025-26 and 2026-27 remain unchanged across categories. Under Section 115BAC, default rates for individuals and Hindu Undivided Families (HUF) ...
The Financial Express7d
New Tax Regime vs Old Tax Regime: Which offers better deductions and exemptions?
For individuals who do not invest heavily in tax-saving instruments, the new tax regime could be more beneficial due to lower ...
Budget 2025: Limit for tax deduction for senior citizens to be doubled to Rs 1 lakh, says Sitharaman
Budget 2025: Finance Minister Nirmala Sitharaman, in her Budget speech today (February 1), announced about doubling limit for ...