New income tax regime vs old tax regime: One must remember that the new income tax regime is now the default tax regime and in case you don’t tell your..

The UK government plans to introduce a new tax regime in April 2025 affecting NRIs and recent migrants. This change will end the tax exemption for non-doms,..

The new tax regime affects PFRDA pension schemes, slowing subscriber growth to over 7.3 crore. Private sector NPS contributors face tax benefit challenges,..

The finance ministry on Monday said there is no change in the new income tax regime for individuals for the current fiscal year and individual taxpayers can opt..

In an explanatory tweet, finance ministry has said that some misleading information related to new tax regime is being spread on some social media platforms.

As we all know the new tax regime is coming to effect from April 1, 2024. What are the changes going to take place under the new regime? Find out here.

Despite fewer deductions, certain allowances and exemptions remain available under the new tax regime. These are mentioned below.

Income Tax Slabs 2024-25: It's important to note that while no adjustments were made to the income tax slabs in both the old and new tax regimes, this could..

The previous budget for 2023-24 expanded tax rebates under the New Tax Regime, raising the exemption limit from Rs 5 lakh to Rs 7 lakh.

Budget 2024 income tax expectations: Income tax rates and tax slabs under the Finance Act 2023 have been reduced to five from six to make the new tax regime more..

Budget 2024 income tax: In view of elections nearby, this year’s budget to be presented on February 1, 2024, will be an interim budget. Many taxpayers still..

Most Indian taxpayers have the habit of initially investing their savings in investment avenues that provide tax deductions under Section 80C .

One notable change is the increased tax rebate limit, allowing individuals with an income up to Rs 7 lakhs to enjoy a full tax rebate.

Old vs New Tax Regime: This year's Budget has made the new tax regime the default choice for salaried taxpayers. If you haven't conveyed your preference to your..

Old versus new income tax regime: According to a survey by PB Fintech, 63% of Indian taxpayers continue to follow the old income tax regime, while 37% have..

HMRC has confirmed that the draft legislative clauses for the new tax regime are not intended to extend pension freedoms to defined benefit arrangements.

FM in a tweet said, ''Under the new regime, there is no income tax to be paid for annual income up to Rs 7 lakh, which effectively increases to Rs 7.27 lakh with..

The monthly GST collected has topped the 1.5 trillion rupees-mark for the seventh time since the new tax regime was introduced in 2017. India's nominal growth is..

Over the past few years, India's youth have increasingly adopted mutual funds as their preferred mode of investment. As per a report by CAMS, one of the..

New Tax Regime Vs Old Tax Regime: Two people with the same salary might have different quantum of deductions, and hence their choice of tax regime could be..

In its February budget, the government increased the appeal of the New Tax Regime. But, which tax category you fall into will determine which tax system is most..

The latest income tax regime in India aims to increase its adoption among taxpayers, as the central government continues to introduce proposals to make it more..

The Budget 2023-24 unveiled on February 1 tweaked the optional exemption-free tax regime, which is available under section 115BAC of the I-T Act to push..

The adjustments are anticipated to affect Indian individuals' daily life, from a new tax structure to rising car prices to hike in expressway tolls and more.

According to the announcement made by finance minister Nirmala Sitharaman in her annual budget speech on February 1, the new tax regime will be the default..

Finance Ministry announced to offer a marginal tax relief to small taxpayers under the new tax regime. This relief will be available from April 1, 2023 for the..

It is significant to note that if a taxpayer chooses the new tax system, they will not be able to take advantage of deductions like Section 80C, Section 80D, and..

Sitharaman also announced that a new committee will be set up under Finance Secretary to look into the National Pension System (NPS) for government employees. So..

*E-Gaming Federation (EGF)*, an organization representing top online skill gaming operators in India, applauded the government for the proposed amendments in TDS..

ITR filing: Taxpayers have to enter information related to their salary and deduction. The tax calculator will then reveal the tax savings under both regimes.

Here is the Step by Step Process on How to Calculate Old Tax Regime Vs New Tax Regime Tax Liability.

Sitharaman in her latest Budget proposed to extend the Rs 50,000 standard deduction benefit to persons opting for the new tax regime.

Sitharaman said the new tax regime will benefit the middle class as it will leave more money in their hands. Under the revamped concessional tax regime, which..

In her Budget 2023, Finance Minister Nirmala Sitharaman put a strong emphasis on improving the appeal of this tax structure.

Old Tax Regime Vs New Tax Regime: Tax payers are in a dilemma as to which option will be beneficial for them. Read on to find your suitable option.

Income tax 2023: FM Nirmala Sitharaman has announced the rebate limit for individual taxpayers which has been increased from Rs 5 lakh to Rs 7 lakh.

The new tax regime will be more beneficial for a person who does not have enough investments to claim I-T deductions. 

Close to one crore individuals in the Rs 5-7 lakh income range stand to gain from the government’s decision to increase the rebate level to Rs 7 lakh under the..

In order to address the confusion amongst people on the proposed slab rates of the new tax regime and also how Rs 7 lakhs is going to be tax free, here is the..

Mumbai-based civic activist believes the new tax regime would eventually end the habit of saving, but industrialists see it as an opportunity for investment in..

Basic exemption limit raised to Rs 3 lakh from existing Rs 2.5 lakh and standard deduction of Rs 50,000 allowed under new tax regime; expert says move a push to..

Finance minister Nirmala Sitharaman on Wednesday said the Union Budget 2023 seeks to make it more attractive for individuals to move to the new tax regime and is..

Finance minister Nirmala Sitharaman has given the beleaguered tax-paying middle class a shot in the arm while seeking to make the new income tax regime more..

After the announcement of the Union Budget 2023, the new tax regime has brought on many benefits for the salary class people when it comes to savings.

The introduction and implementation of the New Tax Regime will take place after the announcement of the Union Budget 2023 today.

The Budget 2023-24 has proposed changes in the optional tax regime, which was introduced in 2020-21.Speaking to reporters after presentation of the Budget,..

Budget 2023: Finance Minister has also announced five slabs in the new tax regime.

New income tax regime explained: Which income tax regime should you opt for? We analyse the income tax outgo in the existing regular income tax regime, the..

In the Budget for 2023-24, Finance Minister Nirmala Sitharaman tweaked the slabs to provide some relief to the middle class by announcing that no tax would be..

The new Income Tax slab will only be applicable on those who opt for the new tax regime. This means those who use the old tax regime will have to pay taxes..

The Union Finance Minister Nirmala Sitharaman announced that income tax rebate limit increased to Rs 7 lakh in new tax regime.

Income Tax 2023, old tax slab vs new tax lab: Under the new system, if your salary is Rs 6 lakh, your tax liability will be Rs 23,400.

With just Rs 904 cr collected until October, civic body likely to miss Rs 7K cr goal; blames non-implementation of new tax regime

The new tax regime is targeted to combat aggressive tax planning but is an exit tax the correct measure given the points raised by the critics.

The finance ministry is proposing to soon review the exemption-free new tax regime with a view to making it more attractive for individual income taxpayers,..

According to the latest changes in EPFO rules, investors will now have to pay tax on interest on provident fund (PF) contributions starting April 1, 2022. 

Cryptocurrencies are soon going to be taxed in the same way the government taxes lottery winnings. The decision was made public during the Budget 2022 speech...

During the Budget session this year, the Finance Ministry touched upon the very sensitive topic of cryptocurrencies. Finance Minister Nirmala Sitharaman..