Most personal tax experts are of the view that the government will phase out the old income tax regime in the com ...

The new tax regime is now the default for taxpayers in FY 2023, allowing lower tax slabs but eliminating old deductions.

In 2020, the finance minister unveiled the new tax regime, which offered taxpayers the option to pay lower tax but forego ...

Standard deduction is a flat deduction available on the salary income that helps reduce the taxable income of a t ...

Budget 2024 ushered in sweeping changes in the new tax regime, rejigging income tax slabs and hiking the standard deduction ...

With Finance Minister Nirmala Sitharaman set to present the Union Budget on February 1, rumours of a cut in income tax rates ...

Ram Medury anticipates Budget 2025 will focus on income tax concessions and increased capital expenditure, particularly in ...

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

SBI suggests switching all taxpayers to the New Tax Regime to boost compliance and income before Budget 2025. Discover more ...

Taxpayers are keenly awaiting possible reductions in tax rates and increased exemption limits, amid ongoing high inflation ...

Budget 2025: udget 2025 is expected to address taxpayers' concerns over the dual tax regime system, with experts advocating ...