With a promise to further simplify the current tax law by introducing a new Income-tax Bill next week, the taxpayer-friendly ...

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 ...

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

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

In America, maximum rate on income tax is 37 percent which is levied on income more than $609K, equivalent to ₹5.3 crore in Indian currency.

The new tax regime is the default tax regime. Currently, the highest tax rate of 30% is applicable from net taxable income ...

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

The Union Budget 2025–2026 has eliminated tax for middle-class individuals earning up to Rs 12 lakh. This makes India’s ...

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.

Budget 2025 introduces key personal tax reforms focusing on Viksit Bharat. Amendments include a new income-tax bill, revised ...

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) ...