Though the new regime offered concessional tax rates, it reduced several popular deductions and exemptions, like HRA, LTA, ...

With the new tax regime becoming more widespread, taxpayers are losing access to several exemptions and deductions previously ...

The Union Budget 2025, presented in the Parliament Session on February 1, 2025, introduced major reforms in exemptions and deductions under the new tax regime for the Financial Year (FY) 2025-26 and ...

In Budget 2025, Finance Minister Nirmala Sitharaman proposed new tax regime income tax slabs. Once the slabs come into effect ...

For taxpayers without business income: Taxpayers without business income can simply select the Old Tax Regime while filing ...

Will the new tax regime put more money in your pocket, or should you stick with the old regime? Here is all you need to know.

During her speech, the Finance Minister announced that individuals earning up to Rs 12 lakh will be exempt from paying taxes.

Salary up to Rs 12.75 lakh is tax-free in the new tax regime. But if one takes benefits of allowances and NPS contribution, ...

T Act, which pertains to the New Tax Regime, is applicable by default unless the taxpayer chooses to opt out under specific ...

The Income Tax Department has introduced an online calculator for taxpayers to compare their potential savings under the ...

The Income Tax Bill 2025, a document of 622 pages comprising 536 sections and 23 chapters, is anticipated to be introduced in ...

Understanding how tax policies affect IP can help your company optimize its strategies and enhance the value of its IP ...