Republic Day: 7 Tax Reliefs Likely In Budget 2025 For Financial Freedom; New Or Old Tax Slabs, Which Is Better
Republic Day marks the adoption of the Constitution of India, meaning the establishment of three pillars as Sovereign, ...
Budget 2025: Old versus new tax regime sparks debate on which one to choose
A tax rebate is available on income up to Rs 7 lakh under the new tax regime and up to Rs 5 lakh under the old regime ...
Budget 2025: Income Tax Slabs For FY 2025-26, Comparing Old And New Tax Regimes
For “non-business cases," taxpayers can elect their preferred tax regime each year by selecting the option in their Income ...
New Regime Or Old Regime - Which Income Tax Slab Works Best For You?
The income tax system in India operates through a progressive slab structure. The amount of tax an individual pays is ...
'Tax-payers with incomes of over Rs 19 lakh are shelling out ‘excess’ tax’
As per BankBazaar calculations, ‘excess’ tax is the difference between inflation-adjusted taxes and actual taxes. For ...
Union Budget 2025: Will standard deduction limit be increased under the old, new tax regime?
As Budget 2025 nears, experts anticipate a possible hike in the standard deduction for salaried individuals and pensioners, ...
New Tax Regime
The government's flagship, simplified New Tax Regime has slowly but surely gained tax payers' acceptance. In Assessment Year ...
Tax Guru4d
Capital Gain Tax After Reinstatement of Indexation Benefit
1. Section 112 of the Income Tax Act provides for taxation of Long-Term Capital Gain. The Finance Bill, 2024 amended Section ...
Business Today2d
Budget 2025: New 25% tax slab, tax-free income of Rs 10 lakh could be on the cards of FM Sitharaman, says report
The government is considering two options: Making annual income up to Rs 10 lakh tax-free or introducing a new 25 per cent tax bracket for income between ... that the old tax regime should not ...
Business Standard3d
Budget 2025: How does the new income tax slab differ from the old regime?
the new income tax regime will be set as the default option. If you want to continue using the old regime, you must submit the income tax return along with Form 10-IEA before the due date. You will ...
Business Today3d
Budget 2025: You can save up to Rs 7,800 on Rs 18 lakh if tax slab is raised to 30%; here's calculations
He highlighted that the absence of deductions in the new tax regime has led to a decrease in interest in savings, insurance, and crucial financial protections. Shetty noted a correlation between ...