Introduction: The Budget, 2024 has introduced significant changes to individual income tax slabs, making the new tax regime more appealing. While the new regime offers fewer deductions and exemptions, ...

Finance Minister Nirmala Sitharaman has changed the income tax slabs effective FY 2024-25 under the new income tax regime as ...

Old Tax Regime slabs vs New Tax Regime slabs for senior citizens: Income Tax return filing is a mandatory exercise for all Indian citizens, salaried, non-salaried, senior citizens. According to ...

No change is likely in the tax exemption limit, but the bill proposes a new 35 percent tax slab for people with income exceeding Rs 10 crore per annum. The Finance Ministry may table the Direct ...

The new income tax regime’s revised tax slabs introduce rates ranging from 5% to 30%, with incremental increases across ...

As the government’s revenue from personal income tax rises, it will likely face greater scrutiny and higher taxpayer expectations regarding the tax system's efficiency, transparency, stability, and ...

When you visit any website, it may store or retrieve information on your browser, mostly in the form of cookies. This information might be about you, your preferences or your device and is mostly ...

The comparison between the new tax regime for the financial year 2023-24 and the old regime highlights several key differences in tax rates and income slabs. Under the new regime, the tax rates ...

Taxpayers must again decide between the old and new tax regimes to minimise their tax liability. The income tax slabs in the 2024-2025 new tax regime will remain unchanged for the financial year ...

The tax system in India added a new tax regime in budget 2020 for HUF ... calculating an income tax return and determining your slab. This guide focuses on decoding the basic definitions and ...

In India, certain gifts are subject to taxation under specific circumstances. Understanding these rules is crucial to avoid ...