“Currently, those with income up to ₹ 5 lakh do not pay any income tax in both old and new tax regimes. I propose to increase ...

The Finance Ministry has introduced some significant changes in the last 6 months, impacting tax slabs, deductions, and ...

Income tax slab for AY 2025-26::Money experts say that depending on your situation, the old tax regime could be more advantageous if you take advantage of many deductions and exemptions.( ...

Income tax slab: In Budget 2024, Finance Minister Sitharaman introduced key changes to the income tax slabs under the new tax regime to make them more attractive for taxpayers. Along with ...

Individual taxpayers are currently facing confusion regarding the choice between the old and new tax regimes ... While the new regime offers lower slab rates, it requires taxpayers to forego ...

At the same time, in Budget 2024, Finance Minister Nirmala Sitharaman has made significant changes in the Income Tax Slab under the new tax regime so that it can be more attractive for taxpayers.

The income tax system in India operates through a progressive slab structure. The amount of tax an individual pays is directly proportional to their income in a financial year. The system is ...

Union Budget 2025-26 by Nirmala Sitharaman may introduce tax-free income up to Rs 10 lakh and a new 25% slab for incomes ...

Raise 30% Income Tax Slab to Rs 18 lakh "The 30% tax slab has remained at ₹15 lakh since 2020, despite a 21% rise in the Cost Inflation Index," Shetty notes. "We propose increasing this ...

Budget 2025 may bring income tax reforms, including the changes to tax slabs and revamp in section 80C. Details inside!