Budget 2025 income tax expectations: Standard deduction is a flat deduction available on the salary income that helps reduce the taxable income of a...

Income Tax Slabs FY 2025-25 New versus Old Income Tax Regime: Finance Minister Nirmala Sitharaman announced significant income tax relief for the...

Budget 2025 income tax expectations: The introduction of pre-filled Income Tax Returns (ITRs) has proven to be a significant advancement in...

Budget 2025 income tax expectations: The introduction of pre-filled Income Tax Returns (ITRs) has proven to be a significant advancement in...

The new tax regime, introduced under Section 115BAC of the Income Tax Act, 1961, was designed to make taxes simpler by offering lower tax rates.

Budget 2025 income tax expectations: Most personal tax experts are of the view that the government will phase out the old income tax regime in the...

Budget 2025 income tax expectations: Most personal tax experts are of the view that the government will phase out the old income tax regime in the...

New Income Tax Act: According to the government, about 78 per cent of taxpayers have already shifted to the new tax regime. Still, according to...

The new tax regime offers lower tax rates for forgoing various deductions and rebates for interest paid on housing loans

​​Budget 2025 income tax expectations: The article examines the potential scrapping of the old income tax regime in the upcoming Budget 2025. It...