Understanding these charges can help you better prepare for changes in the tax regime and manage your finances effectively.

Summary: Budget 2025 introduces significant changes to income tax slabs under the new tax regime for individuals. Key highlights include tax-free income up to ₹4,00,000, and progressive tax rates ...

In Budget 2023, the maximum surcharge for the new tax regime was reduced from 37% to 25%, bringing the total tax rate to 39%. Under the old tax regime, the total tax rate stands at 42.7%. Here are 4 ...

According to the announcement made by Finance Minister Nirmala Sitharaman, there will be no income tax payable for ...

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

Taxpayers must choose between the old and new regimes based on their income structure and eligibility for deductions. The new regime offers lower rates and simplified calculations, while the old ...

With these reforms, the Narendra Modi government is aiming to achieve good governance for the people and economy, which ...

Budget 2025 increases rebate, no tax liability up to ₹12 lakh; answers on rebate, exemptions, deductions in income tax.

Taxpayers must choose between the old and new regimes based on their income structure and eligibility for deductions. The new regime offers lower rates and simplified calculations, while the old ...

Recognizing the contributions of the middle class and with an objective to eventually phase out the old tax regime, various ...

The government's flagship, simplified New Tax Regime has slowly but surely gained tax payers' acceptance. In Assessment Year 2024-25, 72% of taxpayers opted for it. Is this change here to stay?