Finance Minister Nirmala Sitharaman’s Budget 2024 modified income tax slabs, favouring the new tax regime. The old regime, ...

This has reignited the debate between the New Tax Regime and the Old Tax Regime, with individuals weighing the benefits of ...

In a note to the Finance Minister, the industry body highlighted that corporate tax rates have decreased over the years, ...

These changes would address the concerns of those favoring the old tax regime, striking a balance between simplicity and financial benefits, ultimately making the new tax regime more competitive ...

The decision will depend on the specific deductions that each taxpayer can claim to ensure that their tax liability is lower under the old regime ... proposed new tax regime, income between ...

For super senior citizens (above 80 years), it is Rs 5,00,000. Choosing between the New and Old Tax Regime depends on an individual’s financial profile. The New Tax Regime is more suitable for those ...

The decision comes after the Bombay High Court directed the IT department to extend the due date for claiming the benefit.

People who earn above a specific amount must pay tax on their income and it is called income tax. The government sets the tax ...

Mid Cap 0.28% To plan their finances effectively, taxpayers need to have a basic understanding of the Income Tax slabs. The salaried employees in India are offered two tax regimes -- the old and the ...

India’s Income Tax system uses structured tax slabs, taxing higher income ranges at greater rates to ensure equitable ...

You also have to indicate the tax regime you wish to choose — the old, with-exemptions one, or the simpler new tax regime ... give the option of switching between regimes during the financial ...