You can use income tax calculator to compute income tax under both the regimes i.e., new tax regime and old tax regime, ...

Since its introduction, the government has actively promoted the new tax regime, citing its reduced compliance burden for ...

Most personal tax experts are of the view that the government will phase out the old income tax regime in the com ...

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

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

These slabs apply to individuals, Hindu Undivided Families (HUFs), and associations, and are updated periodically to reflect ...

Standard deduction is a flat deduction available on the salary income that helps reduce the taxable income of a t ...

Stocks that could benefit from announcements include Hindustan Unilever, Maruti Suzuki India and Godrej Consumer Products, as ...

With Finance Minister Nirmala Sitharaman set to present the Union Budget on February 1, rumours of a cut in income tax rates ...

SBI suggests switching all taxpayers to the New Tax Regime to boost compliance and income before Budget 2025. Discover more ...

To make the new tax regime more attractive for the taxpayers, the government has raised the standard deduction to Rs 75,000 ...