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

The new tax regime was first introduced in Union Budget 2020-21 by inserting a new section, 115BAC, in the Income Tax Act for ...

With the Budget 2025 deadline nearing, the buzz is that the old income tax regime may be scrapped. Analysts point to the ...

The old tax regime might not be scrapped, but it is unlikely that any tax concessions will be announced under this structure.

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

The National Pension System (NPS) carries a tax-exempt status, which is classified under the EEE (Exempt-Exempt-Exempt) ...

Also Read: Union Budget 2025: Will Nirmala Sitharaman Slash Tariffs, End Protectionism, Crony Capitalism To Empower MSMEs?

Experts urge for taking the best of both the old and new tax regimes and introducing a unified tax regime would benefit the ...

With Finance Minister Nirmala Sitharaman set to present her eighth consecutive budget on Saturday, anticipation is growing among taxpayers who are keen to understand how the proposals will impact ...

Individual taxpayers, who saw limited changes in the July 2024 Budget, are now hopeful for meaningful reforms to reduce ...

What will the income tax slabs and income tax rates after Union Budget 2025? Will FM Nirmala Sitharaman raise the standard ...