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

A unified tax structure that converges elements of the Old and New Tax Regimes can simplify compliance while retaining taxpayer benefits. The following rationalized tax slab structure combines the ...

While the old regime allows for various exemptions and deductions, the new regime offers reduced tax rates with limitations ...

This means if you want to avail any of these exemptions, you must opt specifically for the old tax regime. Here, we list some ...

Increasing standard deduction would offset the benefits of exemptions available in the old tax regime, and revising tax slabs ...

Starting from 2024, the default tax-filing regime will be the New Tax Regime, which features a simplified process but limited ...

The upcoming budget may focus on the new income tax regime yet again to increase its appeal compared to the old tax regime.

India's Budget 2025 may potentially abolish the old tax regime. The new tax regime, default since 2020-21, offers simplified, ...

Also, the return-filing process needs to be simplified for NRIs, who are facing several challenges as tax refunds are not ...

Salaried employees opting for the old tax regime for FY 2024-25 must submit investment proofs to claim exemptions and ...

India currently offers two tax regimes: the old regime with higher tax rates and more exemptions, and the new regime with ...

The idea of joint taxation for married couples is not a new one and is already implemented in several developed countries, ...